stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Financial Literacy Flashcards | StudBud
Explore
/
Financial Literacy
Financial Literacy
20 terms
·
StudBud Administration
·
1,262 plays
#financial literacy #consumer awareness #banking #key terms
Flashcards
20 cards
F
Practice quiz
P
Host live
L
Questions
20
Answers
1
A fee (approx $2 - 3) you pay when buying items using electronic funds transfer is called:
a goods and service tax
interest
an EFTPOS fee
rates
2
When shopping online you should:
spend as much money as you can
keep your browser open until you get a confirmation email
close your browser as soon as you have finished buying
give your account and PIN number whenever requested
3
Promoting a product by having it appear in films, TV shows etc. is called:
Product placement
Celebrity endorsement
Cross promotion
False advertising
4
Money earned by an individual (e.g. pocket money & wages) is called:
deposit
savings
cash received
income
5
Kim sells Khloe a dress via ebay but when it arrives it doesn't look like the photo Kim posted
Kim must return Khloe's money
Kim must send an apology to Khloe
Kim is not legally required to return Khloe's money
Kim could be fined if she doesn't refund Khloe's money.
6
A card that only allows you to withdraw money that you already have in your account is called:
A gift card
A debit card
A 'Coles Myer' card
A credit card
7
Having a cash budget deficit means that, in a given period, you plan to:
work less and earn less money
spend the same amount of cash as you receive
receive more cash than you spend
spend more cash than you receive
8
A card that allows you spend more money than you have in your account is called:
a Learner's permit
a gift card
a credit card
a debit card
9
A personal identification number used with a card to get money from ATMs is called a:
an EFTPOS
an ABC
an ACCC
a PIN
10
A person who is unable to repay the money they have borrowed is called:
an investor
a debtor
a loser
a bankrupt
11
An account where you promise not to withdraw your money for a given set period is called:
a locked account
a term deposit
a transaction account
a savings account
12
What type of marketing is being used in this advertisement?
celebrity endorsement
product placement
cross promotion
kids only
13
If you have a problem with an item you have brought online you should firstly
tell your form teacher
ring the police
contact Consumer Affairs Victoria
contact the seller
14
A plan of expected cash receipts and cash payments for a given period of time is called:
Debt
a bank statement
a cash budget
a financial statement
15
When shopping online costs like postage, delivery fees and currency conversion are:
additional costs the buyer will have to pay
fully refundable if you have to return the item
always included in the advertised price
always paid for by the seller
16
Money paid to a bank in return for being granted a loan is called:
dividend
bonus
interest
cash
17
What type of advertising is best being displayed in this image?
celebrity endorsement
product placement
Kids only
cross promotion
18
When shopping online you should always:
only use secure sites with a padlock and https:// in the URL
pay by transferring cash to the seller's account
open up all the 'pop up' windows before buying the item
buy the cheapest item you can find
19
A part of your salary/wage paid into a special account that cannot be spent until you retire.
superannuation
income tax
GST (goods and services tax)
wages or salary
20
Which of the following is best for everyday banking transactions and keeping your money safe?
a term deposit
a savings account
a credit card
a transaction account
