October 31
Inflation has picked up again. What was Australia’s annual headline inflation rate in the September quarter?
2.1%.
3.2%.
3.8%.
2.7%.
Why is professional financial planning often so expensive in Australia?
Advisers charge high fees just to boost their profits.
Most financial advice is delivered by international firms.
It includes free investment products and insurance.
Strict compliance rules and detailed advice documents drive up costs.
Why is there a campaign to scrap junior pay rates for 18 to 20-year-olds in retail, fast food, and pharmacy?
Because most young workers only work part-time.
Because 18-year-olds are legally adults and often have adult responsibilities.
Because employers want to reduce their payroll costs.
Because junior workers receive extra government benefits.
How can Australians check if they have unclaimed money from things like old bank accounts or insurance policies?
By calling their local council office.
By searching the ASIC Moneysmart website for free.
By paying a private company to investigate.
By checking their credit score.
What is one major reason ETFs (exchange traded funds) have become so popular among Australian investors?
They guarantee high returns every year.
They are only available to professional investors.
They offer a simple, low-cost way to invest in a diversified portfolio.
They require a minimum investment of $10,000.
What is one recommended first step when receiving an inheritance?
Spend it quickly before it loses value.
Invest it all in high-risk assets immediately.
Use it to buy a luxury car or take a holiday.
Pause and take time to process emotions before making financial decisions.
Why is the ACCC suing Microsoft over its Microsoft 365 subscriptions?
Microsoft raised prices without notifying users.
Microsoft failed to disclose a cheaper subscription option without Copilot.
Microsoft removed key features from all plans.
Microsoft charged users twice for the same subscription.
What is one strategy more Australians are using to enter the property market?
Buying homes exclusively in capital cities.
Co-buying with friends or family to share financial responsibility.
Waiting until prices drop significantly.
Only purchasing standalone houses.
How much does commuting typically cost the average Australian worker each year?
Around $1000.
Around $2000.
Over $3500.
Over $5000.
What surprising finding did Agile Market Intelligence uncover about credit card holders?
They pay the lowest interest rates of all debt types.
They are the most likely to switch providers regularly.
They show the lowest level of engagement with their interest rates.
They always use digital tools to compare rates.
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