Personal Accounting - 10BU

What does PIN stand for?

• Public Identification Number

• Personal Identification Number

• Personal Insurance Number

• Personal Identification Name

Which card(s) can be used for online purchases?

• EFTPOS

• Debit card

• Credit Card

Which methods of payment might result in paying more than you thought if you are not careful.

• cash

• EFTPOS

• Credit card

• Debit card

• Afterpay

The main difference between a debit card and a credit card is:

• One can be used for online purchases, the other can’t

• You actually have to have money in your account to use a debit card.

• One is accepted in shops, the other isn’t.

• Only one can be used overseas when you travel.

What is debt?

• When you have money

• When you owe money

Which of these is are examples of good debt?

• Borrowing to buy a Playstation 5

• Borrowing to buy some clothes

• Borrowing to buy a house

• Borrowing to pay for tertiary education

• Borrowing to buy a car so you can get to work

Which one are all needs?

• Food, entertainment, travel

• Food, water, shelter

• Music, water, food

• Rent, clothes, entertainment

A wage is paid :

• hourly

• annually

• if your sell something

• if you have savings

A salary is paid :

• hourly

• annually

• if your sell something

• if you have savings

Commission is paid :

• hourly

• annually

• if your sell something

• if you have savings