9 ECB week 5 revision

An automated bill-paying system that allows customers to pay bills via telephone or internet.

• Credit Card

• Debit Card

• EFTPOS

• BPay

This allows people to use their own money to pay for purchases or pay bills.

• Credit Card

• Debit Card

• EFTPOS

• BPay

EFTPOS - Electronic Funds Transfer Point of (a)  

Using borrowed money (from the bank) to pay for purchases or pay bills.

• Credit Card

• Debit Card

• EFTPOS

• BPay

Needs are (a)   for survival.

Wants are goods and services that are (a)   however, are not essential for survival.

1.      A compulsory method of saving for retirement where an employer must make compulsory payments on the employee’s behalf.

• interest earning investments

• property

• equities

• superannuation

An investment option where a person buys a house, unit, building or land with the hope that it will increase in value. Additional money can be earned by renting the property.

• interest earning investments

• property

• equities

• superannuation

What type of scam am I?

Goods are advertised at a special price in order to attract customers without intending to sell those goods at those prices.

• phishing

• false billing

• bait advertising

• miracle cure

PIN written on the back of EFTPOS card

• True

• False