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Where do you get your money? Flashcards | StudBud
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Where do you get your money?
Where do you get your money?
12 terms
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StudBud Administration
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173 plays
Financial literacy - sources on income
Flashcards
12 cards
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Practice quiz
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Questions
12
Answers
1
This can be money received for lending money , or an amount paid when borrowing money
Interest
Income
Revenue
A bonus
2
An amount of money you owe someone else is
an asset
a loan
a royalty
a debt
3
The annual amount you receive for working, paid regularly during the year.
Sellery
Celery
Salary
Wage
4
When you take out a loan, the amount you borrow is called the ...
Principle
Loan bit
Princely
Principal
5
When you pay an amount on the principal (loan) only. e.g. $1000 invested for a year at 4%
simple interest
Interest
uninterested
Compound interest
6
Which of the following is NOT true about term deposits?
They are a very safe form of investment
You receive a higher return than a savings account
You lock your money away for an agreed term
They provide a better return than riskier investments
7
The weekly amount you receive for working (based on hours worked) is ...
Your wage
Your salary
Your income
Your interest
8
The money we pay to governments which it uses for provision of essential services
Welfare
Income tax
GST
Taxation
9
Some sales people are paid based on the value of the sales they makes. This is called
Commissioning
Commission
Interest
Profit
10
A dividend is
an amount of the company's profit paid to the share owner
an amount paid by the shareholder to the company
received when the share investors buys high and sells low
received when the share investor buys low and sells high
11
When the work of an artist is used by others, the artist should receive payment in the form of
receipts
royalties
revenue
commission
12
A type of income that is received by allowing another person to use an asset is ...
Rent
Salary
Interest
Commission
