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My Financial Literacy Flashcards | StudBud
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My Financial Literacy
My Financial Literacy
20 terms
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Financial terminology and info
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
Where does money come from for most people?
Working and Earning it
Benefit
Money Trees
Winning the lotto
2
How many times a year is a person earning ‘wages’ paid?
52
48
54
12
3
If you earn money weekly it is known as earning what?
I don't know
Wages
salary
benefit
4
The memo field on a check is used to
note what the check was used for
write your phone number
write your name
write the name of the company being paid
5
When a note or coin is damaged or transformed what is it called?
Dishonored
Demonetized
Defaced
Bounced
6
What is the proper name for the machine you can use to withdraw money from an account?
EFTPOS
BNZ
PIN
ATM
7
What kind of income would you be earning if you were paid $5,000 per month?
Commission
Salary
Fees
Wages
8
Which one of the following is NOT on a payslip?
Leave
None of them
Hours worked
Gross pay
9
Which of these people would earn ‘Wages’?
Factory Person
Retired Person
Teacher
Doctor
10
What is it called when cash is deposited directly into a persons bank account?
debit
credit
direct credit
direct debit
11
What is another name for a debit card?
line of credit
identification card
check card
credit card
12
The routing number on a check
is found on the top of the check
ensures that money is in your account
identifies the bank connected to that check
is used to keep track of the number of checks used
13
Which of the following is the most secure form of income?
Money Tree
Superannuation
Wages
Salary
14
A budget is a
required of all adults who work
a method of paying bills
method of borrowing money
a way to keep track of your spending
15
Who has to pay Income Tax?
Everybody who earns money
Only children
only adults
no one
16
Regular payments going out on the same day every week at the same time is called?
payment
credit
Automatic credit
Automatic Payment
17
When money is taken from your account to make a payment, it is called a
deposit
loan
debit
credit
18
How often does a person on a ‘Salary’ get paid?
Every month
Every day
Every week
Every Year
19
How do most adults get paid?
From money trees
Online Banking
cash
cheque
20
A form of payment used to buy things when you're using someone else's cash and are paying back.
ATM card
cash
interest
Credit Card
