HHHS Y9 Commerce Personal Finance

Question 1

Being unable to meet loan repayments can lead to...

Accepted Answer

suicide, stress, legal action, bankruptcy

Question 2

Borrowing money is a sign of poor financial management

Accepted Answer

if the funds are used to pay back another debt

Question 3

The share market is a 'risk free' place to invest

Accepted Answer

False

Question 4

Which type of job might include dividends in their total income?

Accepted Answer

Share Trader

Question 5

Interest payments on a loan are based on ________________________

Accepted Answer

all of the above

Question 6

Interest payments on a loan are calculated and quoted as ________________________

Accepted Answer

a % per annum

Question 7

A person can survive financially if they have...

Accepted Answer

if they have income greater than spending

Question 8

Which of the following will NOT influence spending and saving patterns?

Accepted Answer

Middle Name

Question 9

A person might have more than one type of income

Accepted Answer

True

Question 10

Which type of thing can't be insured?

Accepted Answer

just about anything can be insured

Question 11

Which investment option might provide rent for the owner?

Accepted Answer

Holiday House

Question 12

Which type of job might include a commission in their total income?

Accepted Answer

Real Estate Agent

Question 13

Which type of loan will carry the lowest interest rate?

Accepted Answer

home mortgage

Question 14

Buying shares in a public company gives you exposure to

Accepted Answer

opportunities to share profits

Question 15

A standard working week is normally ______ hours

Accepted Answer

40

Questions 15