Financial Literacy

Which statement is FALSE below?

You have $140 Canadian. Exchange rate : $1.00 US = $0.75 CAN. How much money in US currency do you have?

Dante tells Julianna "to save more money she should find a simple interest rate vs a compound rate" Who's right?

Credit Cards have an interest rate of ____ % annually?

You buy $1000 of a $10 stock. The stock rises to $25. How much did you make in profit?

Simao saves $7500 in an account @ 2.35 compound interest for 10 years. How much TOTAL money will he have in his account?

What percentage of your income should you try to save each month?

What does an RRSP stand for?

Tomas makes $4000 each month after deductions. His spending habits are $2800. How much does he save?

Tina is investing $3200 at 3.5% compound interest for 3 years. How much interest has she made?

Mario invests $12,000 at 4.2% for 6 years simple interest at a bank. How much interest does he make?

Princess wants to save $8250 in a compound interest account for 5 years @ 2.75%. How much interest will she have?

Which statement is false about credit cards?

The bank is offering 4.25% what is it as a decimal?

How many years do you have to pay back your first time homeowners RRSP contribution?

Which of the following is a NEED not a WANT?

Daniella has $150 in US money. Exchange rate is : $1.00 US = $0.75 CAN. How much does she have in Canadian?

Ester has 60 dollars Canadian. She knows $1.00 US = $0.80 Canadian. How much US dollars does she have?

Which of the following is not a good saving tip?

You have $1000, the Air Canada stock is $21.00 a share. How many shares can you buy?

Which of these payment methods might cost you a fee or a penalty?

Sam is offered 3.5% simple interest rate on 6200 over 4 years. How much interest does she pay?

Which statement is FALSE about your credit score?

When investing with an RRSP you can deduct the money from your account penalty free for first time purchase of a house?

Which of the following is a WANT not a NEED?

What does a TFSA stand for?