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9 FIN LIT Flashcards | StudBud
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9 FIN LIT
9 FIN LIT
20 terms
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StudBud Administration
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Financial Literacy Queensland
Flashcards
20 cards
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Practice quiz
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Host live
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Questions
20
Answers
1
There are four types of income -
earned, passive, unearned
and...
Gifts
Commission
transfer payments from social and welfare sources
Prizes
2
Scammers taking advantage of people looking for partners, often via dating websites is...
Buying or Selling scam
Dating and Romance scam
Investments scam
Fake Charities scam
3
In excel, what key (or key combination) do you press for addition? (plus)
Shift + =/+
P
Plus
+
4
Tricks to make you give out personal information - bank and credit card numbers and passwords
Phishing
Identity theft
Hacking
Remote access
5
What does ACCC stand for?
the Australian Competition and Consumer Commission
the Australian Credit Consumer Commission
the Australian Consumer Credit Committee
the Australian Credit Card Company
6
Which law applies to retailers who sell products to consumers?
Criminal Law
Law and Order
Judge made Law
The Australian Consumer Law
7
What is Financial Literacy?
Having access to infinite capital
Being able to understand "finance"
knowledge + skills to make good decisions managing money
Knowing how the stock market works
8
Are there any affordability checks for after
pay
?
Yes
Depends where you are
Depends what you buy
No
9
In excel, what key (or key combination) do you press for divide?
Shift + /
Shift + divide
/
'-.
10
What is the cost of credit?
Charges
Fees
Finance
Interest
11
Credit is...
free money
money from a lender to be repaid under agreed conditions
money you receive in interest
money in a bank
12
What is income?
Money that is earned from doing work or from investments
Money from work
Money given as gifts
Money from wages
13
How does after
pay
work?
receive product, pay in four equal payments
paying after dinner
don't receive the product until you pay
receive product, pay at home after you leave the store
14
When a scammer gains access to your computer, mobile device or network.
Hacking
Annoying
Phishing
Identity theft
15
There are three types of income. Salary, Commission and...
Wages
Money from parents
The dole
Winnings
16
Seemingly legitimate reasons about offers of money.
Dodgy scam
Unexpected money scam
Tricky scam
Legit scam
17
What is an opportunity cost?
the cost of a forgone alternative to pursue a certain action
how expensive one item is compared to another
the total costs related to taking an opportunity
the price of part of an opportunity
18
Credit repayments are a legal obligation. This means...
It's ok not to pay it back
If you can't pay it back you go to gaol
If you don't pay it back you go to gaol
If you fail to pay it back there may be legal consequences
19
What happens if you don't pay your afterpay payment in time?
They don't worry about it
You just make it up next payment
You are charged a fee
You have to return the item
20
In excel, what key combination do you press for multiplication (times/x) between two amounts
Shift + */8
*
Shift + X
X
