What is the recommended minimum percentage of monthly income to save for long-term financial stability?, 5%, 10–15%, 20–30%, 40%, Which of the following is an example of good debt?, Credit card debt for daily spending, High-interest car loan, Education loan that increases future earning potential, Personal loan for vacation, Why is investment diversification important for individuals aged 40–50?, To reduce risk if one asset performs poorly, To make the portfolio look more impressive, To avoid keeping cash, To completely avoid paying taxes, When inflation rises to 4–5% per year, what is the most significant impact on cash savings?, A. Cash value increases, B. Purchasing power decreases, C. Savings become more stable, D. No impact at all, Which investment mix is most suitable for a moderate-risk profile for a 35-year-old?, 100% stocks, 100% fixed deposits, 60% equities, 40% bonds/sukuk, 90% gold, 10% cash, Which of the following is a sign of poor financial health for ages 25–45?, Having a 3–6 month emergency fund, Debt exceeding 40% of income, Investing regularly, Paying bills on time, The debt avalanche strategy focuses on paying off:, The smallest debt first, The longest-term debt, The debt with the highest interest rate, Debts with no due dates, Why do monthly mortgage payments increase when interest rates rise?, The principal amount decreases, Long-term borrowing cost becomes higher, The bank made a calculation error, The loan term shortens automatically, Why should someone aged 50–55 continue saving for retirement even though it’s close?, A. Healthcare costs significantly rise after age 50, B. To buy a new car, C. To avoid having too much money, D. Because banks require it, What is the primary purpose of having a medical card/health insurance in personal financial planning?, To double your savings, To cover large, unexpected medical bills, To generate high investment returns, To guarantee salary increases

General Financial Knowledge

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