Financial Literacy

Which of the following is NOT a financial literacy term?

It is a good idea to have a savings account to save money.

When making a budget, what should you do with the MOST of your money?

Borrowing money means that you will pay it back.

Only people with kids should save money.

Something you can purchase and touch with your hands.

Most stores, like Walmart, let you pay by Etransfer.

Which of the following is NOT a reason the bank would give you a loan?

All bank accounts have a monthly fee.

Which of the following is NOT a common payment method?

What is it called when you pay extra money on top of money that you borrow?

Credit cards are always a bad thing to have.

Cheques are only used by businesses

When someone does something for you and you pay them. Such as if someone details your car.

Financial literacy is important for EVERYONE.