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Personal Finance Topic Review Quiz Flashcards | StudBud
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Personal Finance Topic Review Quiz
Personal Finance Topic Review Quiz
10 terms
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StudBud Administration
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80 plays
Revision for Term 2 #commerce
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
Companies performing well can choose to pay their shareholders a...
Fee
Wage
Dividend
Salary
2
It's better to invest all your savings across a broad range of asset types
FALSE
TRUE
3
Compound Interest is where you withdraw all your interest earnings to spend on cool stuff
TRUE
FALSE
4
An "at call" bank account is
Where you can withdraw your money at any time
Where your money is locked away for a set period of time
5
I want to be covered in case I hurt someone whilst driving. What insurance do I need?
Compulsory Third Party
Comprehensive
Third Party Property Damage
6
Bob sells books and receives a percentage of each book sold. His income is...
Wage
Commission
Royalties
Rent
7
An example of a fixed expense is...
Buying textbooks each term
Going to dinner with friends every week
Mortgage repayment
Going to the dentist
8
Buying shoes is a...
fixed expense
variable expense
9
A pool of money from multiple people that a fund manager invests in assets is known as...
Superannuation
Cash Management
Savings
Managed Funds
10
Superannuation helps people to...
Save for a new car
Plan for retirement
Buy shares
