Financial Literacy Grade 5 - Review

How much of your income/salary should you save?

How much is sales tax in Ontario?

You were given something that you can spend at Sport Chek.

You are putting a large down payment on your new house. How will you pay it?

What is the best method of payment if you are buying a drink for $2.00?

Sending money electronically through your email

You are buying a computer for $1000 and you don't have enough cash in your account.

Money in coins and bills used to pay for smaller purchases

A card given by banks that allows you to borrow money.

How much of your income should go towards your wants?

To calculate HST, how many percent do you need to add to the price?

A piece of paper that is signed by an individual and given to someone else as a payment

Canadians pay HST on everything they buy.

You are paying for dinner at a restaurant and the money comes straight out of your bank account.

You owe your friend $100 and you want to pay him back but you don't have cash on you.

To find the price with tax, I need to .....

You don't need to pay off your credit card balance if you don't have the money.

How much of your income should go towards your needs?

A card that is linked to your bank account and allows you to pay for things from the account.

To find 50% of $1000, I need to .....