Financial Literacy (Year 10)

24 termsStudBud Administration329 plays

Recap questions for a NZ year 10 social studies class who were studying financial literacy.

Flashcards24 cardsFPractice quizPHost liveL

Questions 24

Answers

1
On which coin does the kotuku appear?
$2 coin
50 cent coin
$1 coin
10 cent coin
2
Kiwisaver is?
A retirement savings scheme
A tax on income
A type of kiwifruit
A kiwi with a moneybox
3
The majority of people's income is gained from?
Benefit
Work
Lotto
Money Tree
4
"Fixed" and "floating" refer to
Surf life saving jobs
Mortgage interest rates
Shipping charges
5
What type of income would you be earning if you were paid $70 000 per annum?
Commission
Salary
Wages
Benefit
6
Our country's budget is produced by
Foreign minister
Minister of Finance
Prime Minister
Reserve Bank Manager
7
If you are unemplyed you can apply for
ACC
Food vouchers
Unemployment benefit
Compensation
8
The correct term for 'the hole in the wall' is?
EFTPOS
ATM
ASB
ANZ
9
The least amount a worker may be paid is called
Salary
Living wage
Benefit
Minimum wage
10
What does net pay refer to?
Income before tax
Catching money with a net
Not Enough Tax
Income after tax
11
PAYE tax stands for?
People at your event
Pay as you earn
Play after you earn
Pay and you eat
12
Which one is not a profession?
Accountant
Police Officer
Automotive Engineer
Shop Assistant
13
Gross pay means?
Income received before tax
Income received after tax
Great Riches of Super Savers
Ooh, that money is sooo gross
14
A budget is?
Weekly income
A female budgie
A waste of time
An important tool to track your spending
15
A mortgage is?
Money loaned to buy a property
Money paid to a landlord
Income tax
A type of profession
16
What does 'in the red' mean?
You're in debt
You're dressed in red
You're angry
You're in credit
17
What is the term for when a percentage of your income goes to the church?
Tithing
Taxing
Teething
Collection
18
What does 'in the black' mean?
You're in credit
You're in debt
You're in the dark
You're dressed in black
19
Sir Apirana Ngata appears on which Reserve Bank of NZ note?
$5 note
$50 note
$20 note
$100 note
20
A person who learns a trade and gains a qualification while they work is called an?
Appendage
Apprentice
Actor
Aardvark
21
What groups of workers are well-known to pay remittance?
Taxation Officers
Migrant Workers
Beneficiaries
School children
22
If you have a work related accident you can apply for
Sickness benefit
Meal vouchers
Mobility Transport
ACC compensation
23
Money saved in the bank can earn
Interest
merit points
prizes
bonus money
24
Who needs to pay tax?
People 18 and over
Anybody who earns money
People 18 and under
No-body

Financial Literacy (Year 10) Flashcards | StudBud

Financial Literacy (Year 10)

24 termsStudBud Administration329 plays

Recap questions for a NZ year 10 social studies class who were studying financial literacy.

Flashcards24 cardsFPractice quizPHost liveL

Questions 24

Answers

1
On which coin does the kotuku appear?
$2 coin
50 cent coin
$1 coin
10 cent coin
2
Kiwisaver is?
A retirement savings scheme
A tax on income
A type of kiwifruit
A kiwi with a moneybox
3
The majority of people's income is gained from?
Benefit
Work
Lotto
Money Tree
4
"Fixed" and "floating" refer to
Surf life saving jobs
Mortgage interest rates
Shipping charges
5
What type of income would you be earning if you were paid $70 000 per annum?
Commission
Salary
Wages
Benefit
6
Our country's budget is produced by
Foreign minister
Minister of Finance
Prime Minister
Reserve Bank Manager
7
If you are unemplyed you can apply for
ACC
Food vouchers
Unemployment benefit
Compensation
8
The correct term for 'the hole in the wall' is?
EFTPOS
ATM
ASB
ANZ
9
The least amount a worker may be paid is called
Salary
Living wage
Benefit
Minimum wage
10
What does net pay refer to?
Income before tax
Catching money with a net
Not Enough Tax
Income after tax
11
PAYE tax stands for?
People at your event
Pay as you earn
Play after you earn
Pay and you eat
12
Which one is not a profession?
Accountant
Police Officer
Automotive Engineer
Shop Assistant
13
Gross pay means?
Income received before tax
Income received after tax
Great Riches of Super Savers
Ooh, that money is sooo gross
14
A budget is?
Weekly income
A female budgie
A waste of time
An important tool to track your spending
15
A mortgage is?
Money loaned to buy a property
Money paid to a landlord
Income tax
A type of profession
16
What does 'in the red' mean?
You're in debt
You're dressed in red
You're angry
You're in credit
17
What is the term for when a percentage of your income goes to the church?
Tithing
Taxing
Teething
Collection
18
What does 'in the black' mean?
You're in credit
You're in debt
You're in the dark
You're dressed in black
19
Sir Apirana Ngata appears on which Reserve Bank of NZ note?
$5 note
$50 note
$20 note
$100 note
20
A person who learns a trade and gains a qualification while they work is called an?
Appendage
Apprentice
Actor
Aardvark
21
What groups of workers are well-known to pay remittance?
Taxation Officers
Migrant Workers
Beneficiaries
School children
22
If you have a work related accident you can apply for
Sickness benefit
Meal vouchers
Mobility Transport
ACC compensation
23
Money saved in the bank can earn
Interest
merit points
prizes
bonus money
24
Who needs to pay tax?
People 18 and over
Anybody who earns money
People 18 and under
No-body