General Maths Week 3 Quiz Consumer Arithmetic 2

The GST is a

• income tax

• value-added tax

• government levy

• PAYG tax.

My home has increased in value. This is a form of

• inflation

• depreciation

• appreciation

• luck.

I bought a new car last year for $120 000. Today it's worth $100 000. This is a type of

• appreciation

• depreciation

• inflation

• bad luck.

A bottle of milk cost more this year than last year. This is called

• inflation

• appreciation

• depreciation

• lactose intolerance

A bottle of milk costs $5 today. Inflation is 7% p.a. How much did a bottle of milk cost last year?

• $5.35

• $7.00

• 35 cents

• $4.67

The US dollar is also called the

• greensheet

• greenleaf

• greenback

• green card

When I buy foreign currency, I want the exchange rate to be

• high

• low

• flat

• whatever

Are you paying attention?

• Yes

• No, I'm on social media.

• No, I'm studying something else

• No, I don't like these quizzes.

Cars typically depreciate at 15% p.a.

You bought a car for $25 000 five years ago. What is it worth today?

• $16 667

• $11 093

• $50 284

• $3 750

1 AUD can be exchanged for 0.64 USD.

I need 1000 USD. How much will this cost in AUD?

• $1000 AUD

• $4600 AUD

• $6400 AUD

• $1562.50 AUD