Terms B

Question 1

ASX

Answer 1

The organisation which sells shares in Australia

Question 2

Stockbroker

Answer 2

Name of the person we might buy shares from

Question 3

EFTPOS

Answer 3

Transfer of money from your savings account into the stores account

Question 4

Needs

Answer 4

Things we must have in order to survive

Question 5

Wants

Answer 5

Things we would like to have but are not necessary for survival

Question 6

Risk

Answer 6

The chance or odds that we will lose money on our investments

Question 7

Return

Answer 7

The amount of money that we might make from our investment

Question 8

Cheque

Answer 8

A written promise from owning property

Question 9

Rent

Answer 9

The return an investor gets from owning property

Question 10

Fee

Answer 10

What a doctor or dentist may charge for their services

Question 11

Capitol Gains

Answer 11

Where you sell an asset for money that you bought it for

Question 12

Dividend

Answer 12

The return investors get on shares they own

Question 13

Interest

Answer 13

The cost of borrowed money

Question 14

Superannuation

Answer 14

Putting money aside for the future

Question 15

Credit

Answer 15

Where you use the banks money to purchase goods or services

Question 16

Investment

Answer 16

Using your money to try and make more money

Question 17

Saving

Answer 17

Putting aside your money for the future

Question 18

Barter

Answer 18

Where goods are exchanged for other goods

Question 19

Currency

Answer 19

This is made up of coins and notes

Question 20

Pin

Answer 20

A 4 digit number used to access money from your savings account