May 5, 2022 Natalia Forato How financially savvy are you? Take the quiz and find out! 1. What is the current RBA interest rate in Australia? 0.75% 0.85% 0.95% 2. How much money Aussies have invested in residential real estate? $8.8 trillion $9.8 trillion $10.8 trillion 3. If you have a home loan, do you know your loan’s current interest rate? Yes No 4. How much money Aussies have invested in superannuation? $3.2 trillion $3.5 trillion $3.7 trillion 5. Do you know the current value of your superannuation? Yes No I don't even know how many super funds I have! 6. What is the minimum wage in Australia? $19.42 per hour $20.33 per hour $21.42 per hour 7. How does the 50-30-20 budget rule work? 50% Wants, 30% Needs, 20% Savings 50% Savings, 30% Needs, 20% Wants 50% Needs, 30% Wants, 20% Savings 8. Do you have a budget in place? Yes No What is a budget? 9. What does 'diversification' mean in finance? Using your own money to finance the start-up and growth of your small business. How quickly an asset can be turned into cash for full market value. A risk management strategy that mixes a wide variety of investments within a portfolio. 10. What is a NFT? It is a basket of securities that tracks an underlying index. It is a cryptocurrency financial services company. It is a piece of digital content that can’t be replaced or exchanged with something else. Time is Up! Time's up
