sending money to someone by email

What are 3 services a bank can offer?

Chequing Account, Savings Account, Loans

giving money to a person with the expectation it will be repaid

receiving money with the agreement to repay it with interest charged

currency that only exists in digital or virtual form

a plastic card where the $ is deducted from your chequing account

giving a gift to charity or to help a cause

transfer of goods and services from 1 individual or organization to another

a plastic card where the $ is borrowed from a bank, repaid with interest

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Financial Literacy Review

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Questions 17

Answers

1
Etransfer is
coins and bills
a plastic card where the $ is borrowed from a bank, repaid with interest
sending money to someone by email
paying by tapping your phone
2
What are 3 services a bank can offer?
Chequing Account, Sharings Account, Loans
Chequing Account, Savings Account, Jobs
Chequing Account, Savings Account, Car Lease
Chequing Account, Savings Account, Loans
3
Lending is
transfer of goods and services from 1 individual or organization to another
receiving money with the agreement to repay it with interest charged
giving money to a person with the expectation it will be repaid
giving a gift to charity or to help a cause
4
Cash is
a plastic card where the $ is deducted from your chequing account
a plastic card where the $ is borrowed from a bank, repaid with interest
paying by tapping your phone
coins and bills
5
If you are a lender, which interest rate would be better for you?
4.5%
6%
5.5%
5%
6
If you invest $1000 in a stock, what are you doing?
spending
saving
investing
donating
7
An electronic wallet is
paying by tapping your phone
a plastic card where the $ is deducted from your chequing account
coins and bills
a plastic card where the $ is borrowed from a bank, repaid with interest
8
Borrowing is
receiving money with the agreement to repay it with interest charged
giving money to a person with the expectation it will be repaid
transfer of goods and services from 1 individual or organization to another
giving a gift to charity or to help a cause
9
Cryptocurrency is
a plastic card where the $ is borrowed from a bank, repaid with interest
paying by tapping your phone
sending money to someone by email
currency that only exists in digital or virtual form
10
If you put aside $200 from each pay cheque, what are you doing?
saving
donating
spending
investing
11
What is NOT an example of a fundraiser?
Taking out a loan
Car Wash
Walk-a-thon
Bake Sale
12
A debit card is:
a plastic card where the $ is deducted from your chequing account
paying by tapping your phone
a plastic card where the $ is borrowed from a bank, repaid with interest
coins and bills
13
Donating is
giving a gift to charity or to help a cause
receiving money with the agreement to repay it with interest charged
transfer of goods and services from 1 individual or organization to another
giving money to a person with the expectation it will be repaid
14
Trading is
transfer of goods and services from 1 individual or organization to another
giving a gift to charity or to help a cause
receiving money with the agreement to repay it with interest charged
giving money to a person with the expectation it will be repaid
15
A credit card is:
coins and bills
paying by tapping your phone
a plastic card where the $ is borrowed from a bank, repaid with interest
a plastic card where the $ is deducted from your chequing account
16
If you purchase new shoes, what are you doing?
spending
investing
donating
saving
17
If you are taking out a loan, which interest rate would be the best one?
5%
55%
4.5%
5.5%

Financial Literacy Review Flashcards | StudBud