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Gr 6 Financial Literacy Quiz Flashcards | StudBud
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Gr 6 Financial Literacy Quiz
Gr 6 Financial Literacy Quiz
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Flashcards
15 cards
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Questions
15
Answers
1
A card that allows you to pay for things out of your bank account.
Debit Card
Gift Card
Credit Card
Electronic Money Transfer (EMT)
2
A card given by banks that allows you to borrow money.
Cash
Debit Card
Credit Card
Cryptocurrency
3
Factors affecting Financial Goals: receiving a promotion at work
Changes in Social Factors
Changes in Expenses
Changes in Priorities
Changes in Income
4
An Interest rate is the percentage of money a lender will charge you for you to borrow their money
False
True
5
Everyone has the same amount of credit & debt
False
True
6
Factors affecting Financial Goals: Recently adoped a puppy
Changes in expenses
Changes in priorities
Changes in income
Changes in social factors
7
Which method of payment would you use to buy something online?
Electronic Money Transfer (EMT)
Credit Card
Cheque
Cash
8
Andrey gives a toonie to the Terry Fox Foundation
Donating
Borrowing
Trading
Lending
9
These are examples of an advantage & disadvantage of:
Credit Card
Electronic Money Transfer (EMT)
Cash
Coupon
10
Which is
not
an example of a bank fee?
$1.00 per AMT withdrawal
$10.00 to set up a new bank account
$358.91 credit card bill
$2.75 per e-Transfer
11
If you don't pay your credit card bill on time, you will owe more than you borrowed
False
True
12
These are examples of an advantage & disadvantage of:
Debit Card
Gift Card
Electronic Money Transfer (EMT)
Credit Card
13
Sujan is trying to save for college. He saves $200 a month. How much will he have saved in a year?
$2,400
$24,000
$2,000
$20,000
14
Factors affecting Financial Goals: Indigenous women get paid 45% less than men
Priorities
Social Factors
Expenses
Income
15
An app on a device that has a bank account linked to it. (Ex: Apple Pay)
Wire Transfers
Electronic Wallet
Electronic Money Transfer (EMT)
Cheque