Understanding Money
What are the 2 units of money that makes up Australia’s currency?
Dollars and Cents
What physical thing can you use to buy food and drinks at the canteen?
Cash (notes and coins)
Convert $10 AUD to Australian Dollars
$10 AUD
What are the 4 different ways people are paid for working?
W
S
C
P
Wages
Salary
Commission
Piecework
Give me an example of a Good
Something that is physical and you can touch
What is Australia’s largest currently circulating banknote or coin?
$100 note
What 2 types of cards can I tap on a payment machine to pay for something?
Debit and Credit Card
Convert $20 to US Dollars.
(USD exchange rate 0.7116)
$14.23 USD
Calculate Lily's wage for working 14 hours at the nursery for $13.34 an hour.
Also, add her $20 bonus for doing the right thing and being a great worker
$206.76
Give me an example of a Service
Things and activities provided by other people
What is the system of money in general use within a specific country called? Examples are Australian Dollars, Philippine peso and UK Pound Sterling
Currency
In modern times, people can pay for things using their phones. ________ payments. (Word is opposite of analogue)
Digital Payments
Convert $123 AUD to Filipino Pesos.
(Filipino Pesos exchange rate 43.83)
P 5391.09
Lilah as a psychologist makes $120,560 a year.
How much does she make a month?
How much does she make a week?
How much does she make a day?
$10,046.67 a month
$2318.46 a week
$330.30 a day
What form/document does an employer use to track how much someone works?
Time sheet
What does an ATM do?
Deposit, withdraw and transfer money instantly
Get cash out
I can give the bank a piece of paper with a written amount of money on it. What is it called?
Cheque (Australian and British spelling)
Check (American spelling)
Convert 82467 JPY to Australian dollars
(Japanese Yen exchange rate 112.89)
$730.51 AUD
Lachlan sells his video game for $3,250,000. Because he used a Mirrabooka laptop, he has to give Mirrabooka a 12.5% commission.
How much money does Mirrabooka receive?
$40,625
What is the form/document called that employees receive to show they can make sure they earn the right amount of money?
Pay slip
Bonus point
What is the mandatory superannuation contribution rate?
How much money is in the sandwich seal bag?
$14.55
I can use this payment method to pay for something in instalments.
For example, if I buy a toy worth $60. I can pay $15 four times to pay it off.
Provide an example if you cannot think of the name.
Buy Now, Pay Later
Examples:
AfterPay
ZipPay
Convert £2302 (UK Pound Sterling) to Australian dollars.
(UK Pound Sterling exchange rate 0.5230)
$4401.53 AUD
Sean makes and sells:
114 burgers (sells each burger for $3.50)
72 sausage rolls (sells each sausage roll for $2.80)
87 milkshakes (sells each milkshake for $4.35)
How much does Sean make?
$979.05
What is the currency in Vietnam called?
Vietnamese Dong (VND)