Scams and Investing Quiz Y10

Which of the following is NOT a form of personal income?

• Salary received from a job

• Money received from business transactions

• Dividends from shares owned

• Centrelink payments

____ is a type of income based on the amount of hours a person works and is paid weekly or fortnightly

A dividend is when

• A person is paid a percentage of the value of goods sold plus a retainer

• Money is paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.

• A company distributes a portion of its profits to its shareholders (equities)

• You are paid a set amount of money based on one year of work

In general, what is NOT considered a reason income varies?

• Education levels

• The party in government

• Location

• The number and type of assets owned

Determine whether Julian is risk-tolerant:

Julian has $100 000 to invest but the thought of losing any of it means he can’t even sleep at night.

• Julian IS risk tolerant

• Julian IS NOT risk tolerant

_____ are traps to dishonestly take a person's money

How much money did Australians lose to scammers in a year as of the most recent estimates (2022)?

• $3billion

• $300million

• $3million

• $300,000

Romance scams are one of the most financially harmful in Australia

• True

• False

Which of the following is a scam?

• Taxation

• Online investing platforms

• Employment agencies

• Extortion

The Australian ___________ and Consumer Commission is Australia's ___________ regulator