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