TRUE OR FALSE

1.Pay the biggest loan first. Being able to eliminate one debt will further strengthen your

resolve to pay all of your other loans.

2.Universal banks can be a stockholder in both allied and non-allied undertaking.

3.Needs are man's basic requirements to be able to live.

4.All employees in all establishments, whether operated for profit or not, are covered by the

law on labor standards.

5.Bonds offer a fixed amount of interest for a fixed period of time.

6.The hours used for travel time should be paid when the employee is made to work on an

emergency call and travel time is necessary in going to the workplace.

7.Employers are required to give their employers a rest period of not less than twenty-four

consecutive hours after every five consecutive normal workdays.

8.For a given amount, the lower the discount rate, the lesser its present value

9.Mutual fund is a company that sells its shares to investors based on the net asset volume

per share.

10.If an employee does not work on a regular holiday, he shall still receive 100% of his regular daily wage.