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Yr 10 Commerce - Exam Rev 1 Flashcards | StudBud
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Yr 10 Commerce - Exam Rev 1
Yr 10 Commerce - Exam Rev 1
33 terms
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Exam Revision - #Economics and #Financial Literacy #Year 10 Commerce
Flashcards
33 cards
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Practice quiz
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Questions
33
Answers
1
Tax is:
Money paid on your income to the government
Money paid to satisfy a claim made against you
Government money
Money the government owes you
2
Also known as the tertiary stage?
Dispersal stage
Selling stage
Distribution stage
Income stage
3
Purchase which means that you will become part owner of a company.
Shares
Titles
Mortgage
4
In a mobile phone contact, roaming charges occur when:
Charges incurred if you walk and talk (or text and talk)
Charges incurred if you go out of your normal area
When your phone runs away and is arrested
Those charges that you incur when you are overseas
5
Your gross wage is:
The amount of your wage you take home after tax
The amount you have earned before tax is removed
Ugly money
6
Products of local origin sold to other countries.
Imports
Incoming goods
Export
Presents
7
Service where Australians can pay their bills directly to 180+ financial institutions.
ePay
Computer transfer
Internet banking
bPay
8
Amount supplied and the amount paid meet together.
Equilibrium
Equaliser
Equal curves
9
Ordinary shares are:
Shares owned by very ordinary people
Shares in a company
Part ownership of a poorly performing company
10
Card that allows you to buy now and pay later.
Debit card
Visa
Credit card
Bankcard
11
Estimate of a persons ability to fulfil their financial commitments based on previous history.
Credit rating
Financial rating
Credibility
Financial report
12
Those resources that will eventually run out.
Renewable resources
Non-renewable resources
Limited resources
Scarce resources
13
Money received from shares - similar to earning interest on a bank account.
Dividend
Share dispersal
Share reward
14
The stage where there is delivery of finished products in to the hands of consumers.
Consumerism
Dispersal stage
Delivery stage
Distribution stage
15
Those things that are required for us to survive.
Survival goods
Requirements
Needs
Essentials
16
A resource that will replace itself.
Replacement part
Rehydrating resource
Renewable resource
Growth resource
17
In order to operate a debit card you must remember this in order to access your money.
Debit Number
Card Credit Number
P.I.N.
P.A.N.
18
EFTPoS means
Electronic Funds Transfer at Purchase Store
Electronic Funds Transfer at Point of Sale
Electric Funds to be posted in satisfaction
19
You will pay this as an extra cost on a loan or credit card. Will be determined by the bank.
Credit fee
Interest rate
Bank fees
Inflation
20
Detailed report of an individual's credit history
Credit statement
Credit history
Credit report
Credit rating
21
If setting up a bank account the first time, you will be required to supply this information.
Marriage licence
90 points
Birth certificate
100 points
22
Those things that are considered to be luxuries.
Wants
Needs
Things
Desires
23
Regular payments (car payment) that you authorise the bank to withdraw from your account.
Direct withdrawal
Direct electronic transfer
Direct Debit
24
Expenses that are the same every week/month/quarter.
Regular expenses
Fixed expenses
Foregoing expenses
Financial outgoings
25
In economics it is what consumers want.
Law of Consumerism
Law of Supply
Law of Demand
Law of spoilt brats
26
Shareholders with these shares will receive their dividends first. Usually cost more to buy.
Important shares
Preferred shares
Prime shares
Preference shares
27
Products of foreign origin brought into the country.
Import
Disease
Export
Foreign bodies
28
The general upward price movement of goods and services in an economy.
Price rises
Inflated credit rate
Inflation
Interest increases
29
A purchaser of a good or service.
Wholesaler
Consumer
Buyer
Customer
30
Card that allows money to deposited and withdrawn from one of these machines.
EFTPoS card
Debit card
Money card
Credit card
31
A card that allows you to transfer money from your bank account to pay for your purchase.
Bankcard
Debit card
Debit charge slip
Credit card
32
Amount of products available for sale at a point in time.
Goodies
Product availability
Law of Supply
Stock
33
If you take out a car loan, you are required to have this type of insurance:
Compulsory third party
Third party, fire and theft
Third party property
Comprehensive
