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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
20 terms
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Flashcards
20 cards
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Practice quiz
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Questions
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Answers
1
An auction is where you bid against other people to buy an item.
False
True
2
What is this called?
SOS
ETA
ASB
ATM
3
I have been given $200. What would be the wisest thing for me to do with it?
Go to SkyCity Casino.
Spend it all.
Save a little, spend a lot.
Spend a little, save a lot
4
What is a quick way to estimate the total cost of several items in the supermarket?
Guessing
Crossing your fingers
Calculating
Rounding
5
Which coin has a picture of a boat on it?
$0.10
$0.20
$2
$0.50
6
A place to save money is at the _______________.
banking
bank
in your jeans
under the bed
7
How much money is this?
$400
$380
$360
$1000
8
What is the document you give to a potential employer?
CT
CV
CGI
AV
9
What is a deposit?
When you put money into the bank account.
When you take money out of your bank account.
The money you get paid for doing work.
The money you spend at the shop.
10
I can earn Banqer money by wearing a hat in class.
True
False
11
Compounding Interest increases your investment over a long period of time.
True
False
12
What is Banqer?
A bribery tool for teachers.
An online banking tool.
A Kiwibank advertisement.
An online programme where students can practice online banking.
13
What does EFTPOS stand for?
Electronic Funds Transfer - Point Of Sale.
Every First Transaction Provides Outstanding Savings
14
What is a fine?
An attractive person.
A revenue-gathering exercise.
A financial penalty.
A sunny day.
15
Your CV is your...
worst impression.
job application.
paperwork.
first impression.
16
Interest rates for debt are lower than for savings.
False
True
17
What is the main advantage to online banking.
The convenience of keeping track, or getting to your money from anywhere.
You're already on your phone.
Its better than offline banking.
You don't have to see and talk to the bank clerks.
18
How do most people get paid?
By Cheque
In Candy
Online Banking
Cash
19
What is interest?
The feeling of wanting to know or learn about something or someone.
Incredibly Interesting
Money you pay the bank as a fee for storing your money there.
Money you pay to, or you get paid by the bank for borrowing or saving money
20
What types of KiwiSaver Funds are there?
Careful, Growth and Balanced
Small, Medium and Large
Risky, Kinda Risky, Not Risky
Conservative, Growth and Balanced.
