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Financial Literacy Flashcards | StudBud

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An RESP is for University savings

What is an example of a fixed expense?

Financial Literacy

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Questions 10

Answers

1
What is an example of a fixed expense?
Starbucks
Buying a video game
Gas
Rent
2
An RESP is for University savings
False
True
3
What is the difference between a "want" and a "need"?
A want is water, and a house
A need is starbucks
A need is food and shelter
I don't need anything.
4
What does PST stand for?
Provincial Sales Tax
AHHHHHHH
People seriously think
Please save trees
5
GST goes to Victoria
False
True
6
I buy a book for $45.00. How much is the final price with tax?
$50.40
$72.44
$14.60
$52.35
7
Debit takes your money from YOUR OWN bank account
True
False
8
PST goes to Ottawa
True
False
9
What is credit?
How much money I have
A weird word
Bank account
Buy now pay later
10
What does income mean?
The rate I get paid per hour
Money donated
Money out
Money in