Yr 10 Financial Literacy

Question 1

Name of the organisation that is responsible for distributing money and controlling prices.

Accepted Answer

Reserve Bank of New Zealand

Question 2

What is the proper name for ‘The hole-in-the-wall’ machine?

Accepted Answer

ATM

Question 3

If you earn money weekly it is known as earning what?

Accepted Answer

Wages

Question 4

Who has to pay Income Tax?

Accepted Answer

Everybody who earns money

Question 5

How do most adults get paid?

Accepted Answer

online banking

Question 6

A note or coin that has been taken out of circulation is called what?

Accepted Answer

Demonetized

Question 7

When a note or coin is damaged or transformed what is it called?

Accepted Answer

Defaced

Question 8

Regular payments going out on the same day every week at the same time is called?

Accepted Answer

Automatic Payment

Question 9

What kind of income would you be earning if you were paid $50,000 per annum?

Accepted Answer

Salary

Question 10

How many times a year is a person earning ‘wages’ paid?

Accepted Answer

52

Question 11

A form of payment used to buy things when you're using someone else's cash and are paying back.

Accepted Answer

Credit Card

Question 12

Which of these jobs is not considered a profession?

Accepted Answer

shop assistant

Question 13

How much does a bonus bond cost each?

Accepted Answer

$1

Question 14

In what year did New Zealand convert to using dollars?

Accepted Answer

1967

Question 15

Whose image appeared on the first Reserve Bank of New Zealand Note?

Accepted Answer

King Tawhio

Question 16

where would you receive Dividends?

Accepted Answer

Shares

Question 17

Which one of the following is NOT on a payslip?

Accepted Answer

None of them

Question 18

What are bonus bonds?

Accepted Answer

Unique investment product

Question 19

What does EFTPOS mean?

Accepted Answer

Electronic Funds Transfer Point Of Sale

Question 20

How often does a person on a ‘Salary’ usually get paid?

Accepted Answer

Every month

Question 21

On which coin does Captain Cook’s Endeavour appear?

Accepted Answer

50 cent

Question 22

Where does money come from for most people?

Accepted Answer

Working and Earning it

Question 23

Which of the following is the most secure form of income?

Accepted Answer

Superannuation

Question 24

What is it called when cash is deposited directly into a persons bank account?

Accepted Answer

direct credit

Question 25

Which of these people would earn ‘Wages’?

Accepted Answer

Factory Person

Yr 10 Financial Literacy

Questions 25

Yr 10 Financial Literacy

Questions 25