Financial Quiz

What is a budget?
A budget is what is used to estimate the income and expenditure for a set period of time
A budget is a spread sheet used to calculate your income.
A budget is only useful for people with high incomes.
A budget can only be used if you are older than 50.
What are the major banks in Australia?
Commonwealth bank
Westpac
ANZ
NAB
Bank of China
South Bank
GTB
West bank
What level of Financial Literacy are Australians aged 18 to 74? Where 5 is the highest level.
Level 1
Level 2
Level 3
Level 4
Level 5
Below level 1
What percentage of young people don't pay their full credit card balance every month?
10%
56%
36%
5%
67%
What are the most essential items you should spend your money on?
Food
Rent
New clothing.
Phone, electrical, water bill
Gym membership
Handbag
Other
Please Specify:
What is superannuation?
Superannuation is a way to save for your retirement. The money comes from contributions made into your super fund by your employer and, ideally, topped up by your own money
Superannuation is money you save. You can access this at anytime to go shopping.
Superannuation is optional to employers.
According to a study conducted in 2010, how many people lie awake at night worrying about their finances
75%
33%
18%
45%
What is a comparison rate?
The real interest rate when most fees and charges are taken into account.
The average rate charged for similar loans currently being offered.
When you compare multiple banks.
How much money was lost through scams last year in 2016?
$83,500,000
$100,000,000
$75,000,000
$63,500,000
What age category are most prone to scams in Australia?
People over 65
People under 20
People aged 40-50
People in their 20s
Everyone is equally prone to scams
What are some things a payslip usually shows?
Taxation
Superannuation
Salary
Hours rate
Gross
Net pay
Overtime
All options
What should your employer do in your workplace?
Create safe working conditions
Pay at least the minimum wage
Pay the men more than the women (in the same role).
Pay 9.5% super
Make sure you are saving money and only spending on important items
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