Financial Literacy Review Grade 4/5

Question 1

Which is a better deal? Remote A for $20.00 with a 4 star rating or Remote B for $18.00 with a 2 star rating?

Accepted Answer

Remote A, Remote A

Question 2

Taking a book out of the library instead of buying it is an example of . . .

Accepted Answer

saving

Question 3

If you send money from your bank account to somebody else's over the internet, it is called...

Accepted Answer

e-transfer

Question 4

Giving away your old clothes is an example of...

Accepted Answer

donating

Question 5

A plastic card used to buy goods and services where money is taken directly from your bank account is called...

Accepted Answer

debit card

Question 6

Buying a bike is an example of...

Accepted Answer

spending

Question 7

You go the store and buy a ball for $4.50 and a raquet for $24.00. How much did you spend?

Accepted Answer

$28.50

Question 8

You bought $14.95 worth of school supplies. You paid with a $20 bill. How much change will you get?

Accepted Answer

$5.05

Question 9

It is reasonable to pay $ 10 for a t-shirt.

Accepted Answer

True

Question 10

It is reasonable to pay $ 10 for a muffin.

Accepted Answer

False

Question 11

A card that allows you to borrow money you don't have and then pay it back with interest is...

Accepted Answer

credit card

Question 12

If you are shopping in an online store, for example Amazon, the most efficient way to pay is...

Accepted Answer

credit card

Question 13

If you are buying a couple of small items in a dollar store, the best way to pay is...

Accepted Answer

cash

Question 14

You are buying an item that costs $ 37. You are paying with a $ 50 bill. How much change will you receive?

Accepted Answer

$ 13

Question 15

You buy a book for $15.25 and pay with $20.00 How much change will you get back?

Accepted Answer

4.75

Questions 15