WorksheetsEconomic world - TEST #4
Total questions: 16
Worksheet time: 13mins
What is a budget?
A plan for how you will spend your money. You work out your income and your expenses to see how much money is leftover.
The government make budgets and spend them on tax
A plan for how to spend your time
The 'S' in SMART goal stands for
(a)
The 'M' in SMART goal stands for
(a)
The 'A' in SMART goal stands for
Accurate
Achievable
Alike
Available
The 'R' in SMART goal stands for
Realistic
Relevant
Rates
Rely
The 'T' in SMART goals stands for
(a)
If you don't pay back your (a) by the end of the (b) , you will be charged (c)
What is 'interest'?
A percentage that you are charged on the money you borrow (eg. on credit cards or loans)
You really like something and want to buy it
A brand of credit card
a pro of using a credit card
Is a credit card an example of a credit or cash method?
(a)
Which of these is NOT a cash method (eg. is not money you have)
Prepaid gift card
EFTPOS or debit card
Bank loan
Online transfer
Match up the following by deciding whether they are cash or credit methods
Hire purchase
Credit
Bank loan
Credit
After Pay
Credit
EFTPOS card
Cash
Notes and coins
Cash
A credit method is money we ......
Have
Don't have and will have to borrow
A cash method is money we .....
Have
Don't have and will have to borrow
A (a) of a credit card is that you get the item/money straight away, but a (b) is that you have to pay it back with (c)
If you complete a budget and have money leftover, this is called a .....
Surplus
Deficit
If you have finished your budget and you have negative money leftover, this is called a ......
Surplus
Deficit
