Professional Documents
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UEL Royal Docks Business School, University of East London Date : _______
The objective of this research is to study individual financial literacy level and their personal
financial management practices amongst working adults in Klang Valley in line with
Malaysia’s concern over the high debt levels, increasing bankruptcy rate and low savings
rate. This research paper is therefore aimed to:
The research findings will help in understanding the current financial literacy amongst
working adults in Malaysia in addition to ascertaining if there is any relationship between
financial literacy level and personal financial management practices amongst individuals.
Such awareness of the literacy level will provide a better understanding of the issues and
challenges to help facilitate or improvise on current and future educational programs. The
findings may also highlight gaps useful for policy makers related to the personal financial
planning industry.
Your prompt reply is highly appreciated. I would be grateful if you can return this
questionnaire to me latest by 15 September 2013 either by email or I will come to collect
them from you personally.
Please do not hesitate to get in touch with me in the event you require further clarification in
completing the survey.
Thank you for your support and valuable time to participate in this survey.
Yours sincerely,
Sydney Wong
Email: sydney-wong@hotmail.com
INSTRUCTIONS
Please answer all the questions in this survey.
UEL Royal Docks Business School, University of East London
1. What is your knowledge level of personal finance? Mark only one (X)
Very knowledgeable
Somewhat knowledgeable
Not very
Not knowledgeable at all
2. Rank your most influential to the least influential sources of financial education in
making financial decisions. Rank 1 (being the most influential) to 5 (being the least
influential).
Parents
College / university
Friends / colleagues
Personal readings / seminars / workshops / classes
Personal experience
2
UEL Royal Docks Business School, University of East London
3. Assume you’re in your early twenties and you would like to build up your nest egg for a
secure retirement in 30 years. Which of the following approaches would best meet your
needs?
4. On compound Interest :
Suppose you have RM100 in a savings account and the interest rate was 2% per year.
After 5 years, how much do you think you would have in the account if you left the
money to grow?
5. On inflation :
Imagine that the interest rate on your savings account was 1% per year and inflation was
2% per year. After 1 year, would you be able to
6. On risk diversification :
When an investor spreads his money among different assets, the risk of losing money:
Increase
Decrease
Stay the same
3
UEL Royal Docks Business School, University of East London
My friend
His sibling
They are equally rich
Savings account
Bonds
Stocks
Most of the
1 Always 2 3 Sometime 4 Seldom 5 Never
time
1. Age
2. Gender
Male Female
3. Race
5
UEL Royal Docks Business School, University of East London
4. Marital status
6. Education
Education level
Degree /
Certificate /
Secondary Professional Masters Doctorate
Diploma
qualifications
Academic discipline
Please ensure all questions are answered to ensure validly of this survey.
~Thank you for participating ~