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Grade 7 Financial Literacy Flashcards | StudBud
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Grade 7 Financial Literacy
Grade 7 Financial Literacy
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15 cards
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Questions
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Answers
1
How are you feeling?
Confident
Need more time
Almost got it
Not a clue
2
Money that is going INTO your account.
Surprise
Withdrawal
Deposit
Cash
3
An estimate of income and expenses for a set period of time
Deposit
Paycheck
Planning
Budget
4
You have a loan of $1300, the interest rate is 8% a year. Takes you year to pay it off. How much did you pay in total?
$1308
$1404
$104
$1300
5
You make $50,000 a year. You get a 5% raise for the following year. How much did you make in year 2?
I'm rich
$53,500
Still broke
$52,500
6
You have $100 in your account. It increases by 23% over the year how much money do you have after a year.
$123
$23
$223
$1023
7
The cost of things you need, and that cannot be changed.
Variable Cost
Withdrawal
Phone bill
Fixed Cost
8
What is 15% of $1000
$150
$15
15%
$1500
9
Money that is being taken OUT of your account.
Withdrawal
Stealing
Budget
Deposit
10
You have $1000 in your account, you deposit another $150. How much money do you have in your account?
$150
$850
$11050
$1150
11
1 CAD is equal to 125 Peso. How many CAD is 250 Pesos
$2000
$200
$2
$200000
12
John has $100 he deposits $50. Billy has $200, he withdraws $40. Who has more money?
Me
John
Miss. Gomes
Billy
13
You start with $100. You deposit $50, withdraw $45 and deposit another $100. How much money do you have?
$5
A lot
$210
$205
14
The cost of things that you want, and that can be changed.
Loan
Variable Cost
Shopping
Fixed Cost
15
1 CAD is equal to 85 Yen. What is 3 CAD equal to in Yen
255
245
235
3