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Sample Columbian Exchange Cartoons....use these as a starting image, not as a final goal!
Final Exam Study Guide ANSWERS
1. Who are the native peoples of Australia? Aborigines
2. What type of economic system did the Aborigines have? (Hint: hunter-gathers) Traditional
3. What was the religion of the Aborigines called? Dreamtime
4. Who were the first people to colonize Australia?British
5. Who was the captain that claimed Australia? Captain James Cook
6. What was Australia used for after it was colonized? Prison Colony
What part of Australia did
the British settle in? What happened to the Aborigines that were there?
South Wales (Along the coastlines, especially the southeastern coast). The
Aborigines were forced from their homelands along the coasts towards the
interior of Australia (the outback), especially the Northern
What kind of weapons did the
Aborigines have? What kinds of weapons did the Europeans have?
and small weapons like spears. Europeans had guns.
What main problem did
the Aborigines have after the encountered the Europeans? Diseases like
smallpox decimated many of the indigenous
Many Aborigines lived
in the in the outback or the NorthernTerritory of
Which 3 oceans surround
Southern and Pacific
Which 2 regions of Australia
have the highest population? Why? The
north and south eastern coasts
(New South Wales and Queensland) because that is where many of the cities
are and where the British first colonized
What type of government
does Australia have? Federal
required to vote? If so, how old do they have to be? Yes,
Who is the head of
state in Australia, with little say in the government? The Monarch-
Queen of England
What is income?
Money earned by a person most often by having a job.
Can also include salaries, wages,
interests and dividends
What are wants(things
people don’t need) also called? Luxuries
Why should you create
and follow a budget? Helps- to spend
money more wisely. Also helps you understand how much money you make and how much money you
spend so you won’t go in debt and so you can save money.
What is the number one reason
for saving over a long period of time? Retirement
as well as to buy something in the
future than you cannot currently afford
What is credit? What
are some examples? Borrowed
Money-Borrowing money to purchase goods or services in return for your
promise to pay later .Buy Now, Pay Later. Examples- loan on your home(mortgage),
car loan, credit card
What is Annual
Percentage Rate (APR)? The
interest charged for borrowing money on a credit
What are some ways to
save money? Savings
account, retirement funds (401K, IRA, etc),
spend money in the hopes of making more money than you spent. When you use money to make money!
Examples: homes, stocks, bonds, mutual funds, real
What is personal finance?
to manage your money- the key is to never
borrow more money than you can pay off in a reasonable amount of
Why is it important to
understand your own personal finance? So you can manage
and understand personal finance- never borrow more than you can pay off
interest a good thing? How is it a bad thing?
when a bank pays you interest for
Bad- when you use credit cards- banks
charge you a fee for borrowing money from them
are short term goals? What about long-term goals?
term(months)- Goals the require short term savings- Examples: going to the
movies, buying a TV, a trip
Long term(years)- Goals that require long term
saving- Examples: retirement
What type of account
draws directly from a person’s bank account? Debit/
**Please note, there are more than
28 questions on the final. You need to study Australia and Personal Finance
thoroughly for your Spring Semester Final Exam. Study all of your