Planning 10 Finance Test (exam)

What are some purposes for saving?

How could you put your money to work?

Ways to Save:

Where can your savings earn money?

The difference between a Guaranteed investment certificate and a term deposit?

What is simple interest?

What is compound interest?

Whats the Rule of 72 and how does it work/carry out?

Banks, Credit Unions and Trust Companies:

People hold their money in banks, trust companies and credit unions to:

Saving Accounts:

Chequing Accounts:

Money can be received by:

Money Can be withdrawn by:

Bank Failure:

Deposit Insurance Covers Eligible Accounts:

Credit Cards:

Benefits of Credit Cards:

Cost of Credit Cards:

Other forms of credit:

Your Responsibilities when you borrow:

What is one thing credit is not?

What is Credit?

Why do Credit Cards seem convenient?

What's a good formula to use if you wish to make a large payment on a credit card?

If managed wisely, what can credit cards give you?

What is a credit rating?

What is the range of a credit score? If your score goes up, what does that mean?

The concept of insurance:

Types of Insurance (life):

Critical Illness Insurance:

Home Insurance:

Tenant or “content” Insurance:

Auto Insurance:

Basic Insurance Covers:

Optional Insurance Includes:

Liquidity

Three Knows:

Diversification:

What are savings?

Main Types of Investment:

Whats the Expected Return-the profit that you hope to receive?

Phishing:

Vishing:

Smishing:

Card Skimmers:

Popular Scams:

Biometrics:

RFID Readers: