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100

What does financial literacy mean? 

Financial literacy is the confident understanding of concepts including saving, investing and debt that leads to an overall sense of financial well-being

100

What does the T in SMART goals stands? 

Time- based

100

How do we calculate for net profit?

revenue minus expenses

sale price minus cost price

100

On the Supply and Demand curve, when price is low the supply is....... and the demand is.....




Supply low

Demand high

100

What do you call a share of ownership in a Corporation/ company?

Stock/ shares

200

Explain why being financially literate would be beneficial in the real world 

- banking

- budgeting

- getting a loan

200

Define opportunity costs

The value/ cost of the next best choice

200

Explain the difference between saving and investing

Saving is low risk low returns, longer to growth wealth over time

Investing is riskier. Not guaranteed to make money. Spending money to make money 

200

Provide all 5 types of investments

Stocks 

real estate

mutual funds

saving deposits 

collectibles

200

What does the acronym ASX stand for?

Australian Securities Exchange

300

What happens to stock in a bull market?

The stock does well

300

What is the difference between short- term and long- term goals? 

Short- term is 12months or less

300

Explain the relationship between risk and return when it comes to investing

high risk high return 

low risk low returns

300

If your savings are compounded quarterly, how many times is it compounded in a year and how many months is in a quarter? 

4 and 3 months

300

How can we tell whether a company is a public or private? 

pty ltd and ltd 

400

What happens to stock in a bear market?

The stock drops

400

Explain assets and liabilities 

An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit 

A liability is something a person or company owes, usually a sum of money

400

What are the two types of interest that can be earnt or charged? 

Simple and Compound interest 

400

In real estate, explain the term 'equity'

Equity is the difference between money borrowed/ owed and the market value of the property. 

400

What was the address of property 2 in your worksheets? 

12/6 FIFTH AVENUE, BURLEIGH HEADS

500

When we retire, we depend on our superannuation. Explain what is superannuation and its purpose

Superannuation is paid by your employer. 

It is not a tax. 

Ensures everyone has money when they stop working. Eases pressure for the government and their spending

500

The acronym SMART goals stands for? 

Specific Measurable Achievable Relevant Time-based

500

What is the formula for return on investment 

Net profit / total investment x 100

500

Provide 5 different types of portfolios

- Defensive

- Growth

- Income

- Balanced

- Value

500

What was the name of the website, used to look up companies on the ASX

listcorp