Small Business and Economics - Medium

Small Business and Economics - Medium

10th Grade

21 Qs

quiz-placeholder

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Small Business and Economics - Medium

Small Business and Economics - Medium

Assessment

Quiz

Business

10th Grade

Medium

Created by

Charles Moffatt

Used 8+ times

FREE Resource

21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Most banks offer term deposits which are accounts which:
A. Pay a higher level of interest but you must leave the funds with the bank for a set period of time e.g. 3, 6 or 12 months
B. Pay a lower level of interest but you can withdraw the funds whenever you choose
C. Pay a higher level of interest and you must add more deposits to the amount in the bank each 3, 6 or 12 months
D. Pay a low level of interest and you must add more deposits to the amount in the bank each 3, 6 or 12 months

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following statements concerning superannuation is false?
A. Superannuation is form of investment that everyone makes as they enter the workforce
B. Your employer must put an additional amount, which is a set percentage of your wage into it each month
C. You can access your Superannuation fund whenever you need
D. You can make contributions to your Superannuation fund in addition to what your employer pays in for you

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

An investor may take into account a range of factors when deciding whether or not to invest in a company. Factoring in whether the company is acting in the best interests of society and the environment are known as:
A. Investment strategies
B. Economic considerations
C. Valuable considerations
D. Ethical considerations

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following payment methods is NOT evidence in the belief that money is becoming less visible?
A. Pay by phone
B. Tap and go
C. Cash sales only
D. Online shopping

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which one of the following people will be most advantaged/better off financially at the end of one year?
A. Aaron who earns $100 per week but lives with his parents who pay for all his expenses
B. Billy who earns $100 per week and who pays his parents $20 board per week but has no other expenses
C. Candice who earns $200 per week but has expenses of $110 per week
D. Darius who earns $300 per week but has expenses of $220 per week

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following people will be the most financially disadvantaged/worse off at the end of one year?
A. Aaron who earns $100 per week but lives with his parents who pay for all his expenses
B. Billy who earns $100 per week and who pays his parents $20 board per week but has no other expenses
C. Candice who earns $200 per week but has expenses of $110 per week
D. Darius who earns $300 per week but has expenses of $230 per week

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

When people ask about a loan a bank will generally want to know what ‘assets’ they own – this refers to :
A. Something their parents own which they might one day inherit
B. Something they one day hope to buy
C. Something owned or controlled that will provide economic benefits into the future
D. Something only of personal but no financial value such as a photo of a dog

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