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Worksheets

Finance

Total questions: 15

Worksheet time: 5mins

Name
Class
Date
1.

What are GST rates in Nz

a)

15%

b)

20%

c)

12%

d)

10%

2.

What is the average interest rates on credit cards in Nz

a)

20%

b)

13%

c)

17%

d)

50%

3.

What does GST stand for

a)

Government Services Tax

b)

Goods and services Tax

c)

Global Sales Taxes

4.

What is the minimum wage in Nz

a)

$15.50 per hour

b)

$17.70 per hour

c)

$16.90 per hour

d)

$18 per hour

5.

What is a surplus

a)

Money you have after paying all necessities

b)

all money you get in 1 week

c)

all money you get in a month

d)

money payed from all necessary payments

6.

When paying taxes the more money you make the higher the tax rate

a)

true

b)

false

7.

When paying taxes the more money you make the higher the tax rate

a)

true

b)

false

8.

Why is it more expensive for Younger people to buy car insurance then people 30+ with experience driving

a)

It’s not

b)

younger people have less experience

c)

Younger people are irresponsible

9.

What does ASB stand for

a)

Auckland city bank

b)

Auckland Savings bank

c)

Australia savings bank

d)

Australia Central bank

10.

What does BNZ Stand for

a)

Brisbane national bank

b)

Bank of new zealand

c)

new caledonia National bank

d)

Bank Of england

11.

What is the average house price in new zealand (end of 2018)

a)

560,000

b)

800,000

c)

1,000,000

d)

450,000

12.

What is the correct meaning for a mortgage

a)

A gift from the bank in which they give you money for free

b)

A loan from the bank in which they give you money and you have to double the money you pay back to them at the end fo the year

c)

A loan from your parents to help you buy your first football

d)

it is a loan from a bank or lender to help you finance the purchase of a home. When you take out a mortgage, you make a promise to repay the money you've borrowed, plus an agreed-upon interest rate

13.

what is a salary

a)

A fixed regular payment

b)

A payment based on how many hours you work a week

c)

A payment from the government to help buy a house

d)

an annual payment from your bank to return excess gst

14.

What is the age you need to be to get the minimum wage in Nz

a)

13

b)

15

c)

16

d)

18

15.

When are you eligible for a pension

a)

65+ and have a nz residents passport

b)

65+ no residency needed

c)

75+

d)

58+ need a no residents passport