Financial Literacy Review (grade 4)

Question 1

Buying a bike is an example of...

Accepted Answer

spending

Question 2

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 3

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

Accepted Answer

donating

Question 4

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 5

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

Accepted Answer

saving

Question 6

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 7

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

Accepted Answer

True

Question 8

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

Accepted Answer

e-transfer

Question 9

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

Accepted Answer

credit card

Question 10

Buying a bike THAT YOU WILL NEED TO RIDE TO WORK is an example of

Accepted Answer

investing

Question 11

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

Accepted Answer

cash

Question 12

It is reasonable to pay $ 10 for a muffin.

Accepted Answer

False

Questions 12