Financial literacy Yr 10 Revision

The main problem with credit cards is:

You allow a trainee to colour your hair and she incorrectly dyes it blue. You are entitled to:

A document that sets out the minimum wages & work conditions for certain types of jobs

An government organisation where you can obtain information on wages and work conditions

Which type of insurance would you need if you move out of home and rent an apartment?

According to estimates what percentage of gift cards are never used?

What is your 'net worth'?

Money earned from investing in a term deposit account

A scheme where investor's money is combined and used to collectively buy shares & other assets:

A type of car insurance that just covers the damage you cause to another person's property

The amount that is originally borrowed when taking out a loan is called the

Which of the following does NOT have to be declared as assessable income on your tax return?

Which of the following CANNOT be used as proof of your identity to get a tax file number?

A card that allows you to spend more money than in your account- up to a certain limit

Which of the following is most likely not covered by travel insurance?

You buy some yoghurt and when you arrive home notice it is past the "use-buy" date. The store:

You buy a TV on sale from Myer but when you unpack it notice the screen is cracked. The store:

In general most gift cards in Australia have an expiry date of:

Which of the following would be the best way to invest $10 000?

Which of the following would not be protected by Australian 'consumer guarantees' law?

In which of the following situations are you NOT entitled to a refund?

A situation where your estimated monthly spending is greater than your estimated income

A percentage of your wages that your employer contributes to a savings fund for your retirement

You buy a shirt without trying it on and later discover it is too small. The store:

In which situation ARE you entitled to a refund or exchange?

Which of the following investments would most likely be the least risky?

An investment where you own a part or portion of a company

Which term refers to the amount of money your are allowed to earn before you have to pay tax?

Investing money in a range of products like shares, property and deposit accounts is called

If you started investing $20 per week now, by the time you are 30 you could have around:

If you break an item while shopping in a store, you:

Which of the following CANNOT be claimed as an allowable tax deduction on your tax return?

You buy a ticket to Ed Sherrin but the show is cancelled at the last minute. Ticketmaster:

Which organisations website would be best to check if you have a problem about shopping laws?