Question | Answer |
what would cause the exchange rate to change? | The value of the product and the condition its in |
what are the five characteristics of money | it must be divisible, portable, durable, score and acceptable |
what is bartering | trading goods or services for other goods and services |
what are the four specific functions of money? | being a medium of change, a standard of value, a store of value and a means of deferred payment. |
how do we earn money? | From operating a business,from buying shares, from work or labour, from lending money, from owning property |
how many social security payments are there and what are they? | Six baby bonus, unemployment benefit, pension, Illness, Disability and students bonus |
what is legal tender | notes and coins must be accepted |
what are Australian notes made from | polymer |
what do we call the income received by share holders? | dividends |
How do most Australians earn their income | from work or shares |
How do most Australians earn their income | from work or shares |
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