Financial Literacy

Question 1

savings

Answer 1

setting aside money to spend later

Question 2

investings

Answer 2

putting money into shares, properties or other financial schemes in the hopes to make a profit

Question 3

shares

Answer 3

unites of ownership in a publicly listed companies

Question 4

shareholders

Answer 4

people that owns shares in a company

Question 5

investment risks

Answer 5

the chance investors take in investing into something like time or companies that may or may not benefit

Question 6

sharemarket

Answer 6

virtual or online place where buyers and sellers of publicly listed companies can invest or sell shares

Question 7

ASX

Answer 7

australia’s platform where the sharmarket occurs

Question 8

investor

Answer 8

a person or organisation that buys shares in a company to potentially make profit

Question 9

broker

Answer 9

the middle person that buys the shares on behalf of the investor, manages shares

Question 10

reasons why people save money and set saving goals

Answer 10

• save up money to afford expensive goods and services
• live a simple life with financial freedom

Question 11

steps to set saving goals 1

Answer 11

identify the desired good or service and how much it is

Question 12

steps to set saving goals 2

Answer 12

identify the amount of money you can put aside every month or week

Question 13

steps to set saving goals 3

Answer 13

identify how long it will take to reach