FIN2602 ASSIGNMENT 1 SOLUTIONS SEMESTER 2 2023.PASS GUARANTEED.

PERSONAL FINANCIAL MANAGEMENT
(FIN2602) ASSIGNMENT 1 SOLUTIONS
SEMESTER 2 2023




BMSA TUTORS
DUE DATE 21 AUGUST 2023

, Started on Wednesday, 1 August 2023, 15:31 PM
State Finished
Completed on Wednesday, 1 August 2023, 16:08 PM
Time taken 36 mins 59 secs
Marks 20.00/20.00
Grade 100.00 out of 100.00


Question 1
Correct

Mark 1.00 out of 1.00




Which of the following statements are correct?


(a) An increase in a person’s salary will have no advantage unless it is supported by financial literacy
(b) An increase in a person’s salary will improve the quality of his/her life in the medium and long terms
(c) Personal financial management education increases personal wealth.
(d) Financial literacy refers to personal financial literacy.
(e) Financial literacy relates to savings and investments only.



a. a and b
b. a, b and c

c. a, b, c and d
d. a, c and d

e. a, c and e



Your answer is correct.
The correct answer is:
a, c and d

, Question 2
Correct

Mark 1.00 out of 1.00




Which of the following statements is/are correct?


(a) Personal financial literacy is a prerequisite for entrepreneurship.
(b) Without financial literacy, the possibility of economic freedom and transformation disappears.
(c) Total quality of life = quality of life at work.
(d) Debt counselling cannot replace financial literacy education.
(e) Debt counselling is the long-term solution to financial illiteracy.



a. a only
b. a, b and c

c. a, b and d
d. b, c and d

e. b, c and e



Your answer is correct.
The correct answer is:
a, b and d