Please read the excerpt below and answer the following questions. Money is an asset that plays an important role in our daily lives, especially in the current economic uncertainty. Without money, many necessities of life cannot be fulfilled correctly. There is saying money is not everything, but in reality, almost all the affairs of life require money. It is not only important to those who are already working but also to students and therefore money must be managed properly. According to Barr and McClellan (2018), life and current financial needs in higher education institutions are very demanding. Student applications for financial aid increased as the economy suffered. The need for students to manage money wisely is, therefore critical. The federal government, the parents, the higher learning institutions, and the students are benefits from the wise money management behavior. Images related to saving behavior among university students shape societys impressions about the future leaders commitment and responsibility to public money (Kezar, Chambers, &Burkhardt, 2015). There must be a system of financial planning for university students. Students of higher education are mostly young people and always strive to equip themselves with skills to face the challenges outside of campus life. Continued..... BRM2034 RESEARCH METHODOLOGY 20 APRIL 2022 CCW 3/4 According to Mohamed (1993), economics and finance is a field that examines the activities of individuals or communities in their daily lives, which deals with how to use limited resources in the best way to meet the various requirements too much. In Malaysia, most of the students studying in higher education institutions get PTPTN loan which stands for Perbadanan Tabung Pendidikan Tinggi Nasional (National Higher Education Fund Corporation) is a study loan provided by the government for Malaysian students at tertiary education. Since the primary use of PTPTN loan is only for education, careful planning to ensure the money is used in the best way is necessary. The failure to use the loan in the right way causes the students to end up with other borrowing and financial problems. In Malaysia, according to Jamal, Ramlan, Karim, and Osman (2015), there were about 280,428 individuals reported to have enrolled in financial and debt management program since the establishment of The Malaysian Credit Counseling and Debt Management Agency (AKPK) in 2006. From all the cases reported, 44 percent of the individuals involved in this financial counseling program belonged to the 30-40 age groups. Literature observes the student of PTPTN loan prefer to overspend their education loans on luxury goods (e.g. Selvaratnam, Tan, Abu Bakar, Endut, & Fatimah, 2013; Naradin, Ismail, Harun, & Khamis, 2018). University students like to spend money mostly for the appearance of branded items and food in high-class restaurants. Without proper money management plan, to keep this way of off-campus-style living, many students have to do a part-time job for extra money. In a long time, this affects students attention to the lessons in the class and students enough time to revise and complete the assigned tasks. Hence, this study suggests a study on financial management among university students. The research focuses on management in spending PTPTN loan by students of a Malaysian public university. The study is interesting since ninety percent of the core subjects taking by these students are related to accounting, finance, principle management and investment. The study, therefore, provides insights as to whether financial literacy, parental socialization, peer influence and self-control are factors that affect money management of students. Source: M Daniel, Z., Hasri, M., Norlida, M., Kausar, AM., Zaidi, D. (2020) Students and Money Management Behavior of a Malaysian Public University, The Journal of Asian Finance, Economics and Business, 7(3) 245-251.

a) Would you classify this study as a basic or applied type of research? Why? (4 marks)

b) Identify the research problem in this article. (3 marks)

c) Develop two (2) research questions for this study. (6 marks)

d) Develop TWO (2) hypotheses for this study. (3m each) (6 marks)

e) Provide TWO (2) significance of this study from practitioner point of view. (6 marks)