Consumer and Financial Literacy

Investments with the potential to grow dramatically also means there is potential to _____ a significant amount of money

'Skimming' involves copying card details whilst video recording people as they enter their PIN

If you purchase products from overseas companies you are still protected by Australian Consumer law.

Mary unwraps her new dress purchased at a local shop. She finds a small hole in it. What is she entitled to?

The purpose of superannuation is to save for retirement in a tax effective way.

Phishing emails seek to trick consumers into giving private details such as bank account details or passwords.

Putting your savings in a term deposit is considered a high risk investment

A scam is a scheme that is deliberately dishonest

Debt is an amount of money that is still owed

Not all consumers in Australia are subject to the same consumer laws

Two ways to increase the amount of money you can save.

Fees charged for having insufficient funds in your bank account for a direct debit are called

Interest if often calculated 'per annum'. This refers to what period of time?

Interest earned from a deposit/loan added to the original deposit or loan. This interest earns interest in the future.

What is the payment received by a shareholder when a company makes a profit?