What is an objective in a resume?

Explanation of why you want to apply for that certain job

What must you add in a resume?

Past achievements, education, skills and experiences

The main reason DEBIT cards are DIFFERENT from credit cards is…

For debit, you use the money you deposited inside your account.

What are the cons of a savings account?

Limited monthly transactions, restricted access, minimum balance required

Why is flipping houses in real estate risky?

If the demand for houses goes down, you may lose 6-7 digits of money.

What is the first step to invest?

Do research on the company or product

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Financial Literacy 2025

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Questions 19

Answers

1
Inflation is ______
A quantitative estimate
Insignificant in the economy
A qualitative estaimate
A qualitative observation
2
What is an objective in a resume?
Explanation of why you want to apply for that certain job
Goals for the year
Objective in life and how it applies to the job
What you want to achieve in that job
3
What must you add in a resume?
Hobbies, who am I, skills, objective
Experience, age, skills, who am I
Past achievements, education, skills and experiences
Education, age, past achievements, hobbies
4
When inflation occurs, the purchasing power of money...
Increases
Does not change
Decreases
Greatly increases
5
One of the causes of inflation are _____
Money supply
Money Demand
The stock market
Air pumps
6
The main reason DEBIT cards are DIFFERENT from credit cards is…
There is no significant difference.
For debit, you use the money you deposited inside your account.
You borrow money from the bank when purchasing.
Debit cards are age restricted.
7
What strategy should be used to divide your money into needs, wants, and savings respectively
60/20/20
50/30/20
10/80/10
70/15/15
8
If you need to make frequent transactions, which type of account is better?
Credit
Savings
Investing
Checking
9
What are the cons of a savings account?
Limited monthly transactions, restricted access, minimum balance required
Low interest rates, must do a minimum of 3 transactions every month
Less secure than other types of bank accounts
Does not allow e-transfers, only provides coins when withdrawing money
10
Why is flipping houses in real estate risky?
It's not considered risky.
The business is dominated by well-known and trusted millionaires.
You can get sued very easily, laws about flipping houses are restrictive.
If the demand for houses goes down, you may lose 6-7 digits of money.
11
How old do you have to be to have a credit card?
21
18
16
No age limit
12
What is the first step to invest?
Make a decision between individual or mutual funds
Do research on the company or product
Choose your investment account
Set a budget for the investment
13
What is an app you can use to track your spending?
TTC
SpendingFun
CalendarSpend
myFinanceTracker
14
What are some key attributes when finding a job?
Location, experience, employer
Time, employer, salary
Pay, experience, employer
Experience, location, time
15
_________ is the idea that happiness depends on your consumption of services and manufactured goods.
Overbuying
Fast fashion
Consumerism
Shopaholic
16
Buying stocks from larger companies is…
More expensive and risky
Safer but more expensive
Safer and cheaper
More risky but cheap
17
True or false; is cryptocurrency an extremely risky investment method?
True
False
18
Where can you find jobs?
Social media
LinkedIn
All of the Above
Indeed.com
19
Canada’s rate of inflation for ______ had been much higher than ______ in 2021
None of the above
All of the above
Some services, other services
Services, Goods

Financial Literacy 2025 Flashcards | StudBud