Banking & Interest
This is the original amount of money you borrow or save.
What is the Principal?
This type of card only lets you spend the money that you already have.
A debit card.
What is another word for a levy?
What is a tax?
This is the money set aside during your working life to fund your retirement.
What is superannuation?
This document lists your skills, education and work experience when applying for a job.
What is your CV? (Or resume).
If you save $100 at 4% interest for 1 year, how much interest do you earn?
$4
Which Banqer high credit card has the highest credit limit?
Purple card. ($2000)
What do the letters in GST stand for?
What is Goods and Services Tax?
This is the official term for the age you reach when you can access your super.
What is your preservation age?
Bonus points!!!!!
Yew!!!!!!!
What do the letters in I=P x R x T stand for?
Interest = Principal x Rate x Time?
Which Banqer High credit card charges the highest interest rate?
The Kickback Card (20.95%)
What percentage is GST in Australia?
What is 10%
What is the minimum super guarantee percentage your employer must contribute?
12%
This is someone whose contact details you can share to prospective employers who can vouch for your good character.
What is a referee? (Or reference).
Jane has $2000 in savings at 4% annual interest. How much interest does she earn in 1 year?
$80
If you spend $1000 on the Platinum Visa (20.95% interest) and don’t pay it back by the bank's due date, how much do you owe?
$1,209.50
What is a progressive tax system?
What is the maximum amount of money you can voluntarily add to your super account (on top of your salary contribution) every year?
$30,000
Most people who go to university will have this type of debt.
What is HECS-HELP?
Mark has $500 and the bank charges 1.5% monthly. How much does he pay in fees over 3 months?
$22.50
What does p.a. stand for? What does it mean?
Per annum or per year / yearly.
In Australia, how much tax do you have to pay on income under $18200?
$0
What is the legally binding contract between a tenant and a landlord called?
A tenancy agreement
You take on this "ship" if you want to study and also get paid while training on the job.
What is an apprenticeship?