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Living independently
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Name the two largest purchasers that most people make in their life.
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2 points
Your answer
List the initial costs incurred when purchasing a motor vehicle.
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3 points
Your answer
Define the term 'recurring costs'. When operating a motor vehicle, what do they include?
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3 points
Your answer
What is a warranty?
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2 points
Your answer
Outline the types of things that should be considered when buying a car.
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3 points
Your answer
Explain the advantages of buying a used car from a dealer.
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3 points
Your answer
State the three ways of paying for goods using cash.
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3 points
Your answer
Explain how a debit card operates
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2 points
Your answer
List four different means of buying goods on credit.
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4 points
Your answer
Define the term mortgage.
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2 points
Your answer
Describe how Afterpay or a similar scheme works.
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2 points
Your answer
List three pieces of advice that you would give to someone who is thinking about purchasing a mobile phone.
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5 points
Your answer
Conduct a survey among your classmates to find out how many own a mobile phone and the option they use (fixed-term contract or pre-pay).
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1 point
Your answer
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