Financial Literacy Midterm Review

Which of the following is NOT an example of a recurring expense?

"The ability to understand and properly apply financial management skills" is a definition of:

Money that is paid to a person upon the completion of a task is an example of:

A __________ is a card that makes payment by deducting money directly from your chequing account.

A fixed amount of money paid to an employee by an employer, commonly paid in regular intervals, is:

Budgeting, in its simplest form, is all about:

If a person gets paid semi-monthly, how many times a year will they get paid?

"The trust which allows one party to provide money or resources to a second party" is known as what?

What does 'RRSP' stand for?

A _______ allows you to borrow and drive a brand-new vehicle for a certain length of time at an agreed monthly rate.

In regards to SMART goals, the 'S' stands for what?

A _________ is a payment card that allows the cardholder to pay for goods and services at a later date.

A typical down payment on the mortgage of a home is usually about:

What can you do to help build good credit for yourself?

In regards to SMART goals, the 'T' stands for what?

This program provides temporary income support to unemployed workers while they look for other employment.

What type of tax helps pay for Education in Saskatchewan?

One benefit of owning your own home rather than renting is:

What does 'CPP' stand for?

Getting paid at regular interval payments of every 2 weeks is known as: