What coins are commonly found in Canada?

two dollar, one dollar, quarters, dimes, nickles

What is a con to having a credit card?

If you can't pay it off, it could hurt your credit score, You may end up paying more for your item

How are banks able to pay their employees

By charging fees to their customers

Why is it important to have a bank account in today's society?

To have a place to keep your money safe., To make it easier to make purchases, To get a credit score and be able to borrow money if necessary

What is a credit card?

a card that allows you to borrow money from a bank.

the percent you are charged each month for the balance on a credit card

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Financial Literacy

13 termsStudBud Administration24 plays

Canadian Currency, Credit Cards, Banking Practices

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Questions 13

Answers

1
Minimum Payment
the percent you pay on your credit card
the minimum amount you can pay toward your credit card balance
the score you recieve based on your income and how much you owe
bills and coins
2
Debit Card
a card that lets you pay directly from your bank account
a paper that connects to your bank account
a special card that has an amount to spend on it
an electronic payment
3
Currency
online payment
a paper that match your bank account
a credit card
coins or bills issues by the Bank of Canada
4
Where is Canadian currency made?
TD Bank
The Royal Canadian Mint
ATB
at a bank
5
What coins are commonly found in Canada?
dollars and pennies
two dollar, one dollar, quarters, dimes, nickles
nickles, dimes, and quarters
only dollar coins
6
What is a con to having a credit card?
If you can't pay it off, it could hurt your credit score
You may end up paying more for your item
It is convenient
You could get rewards or points.
7
Which is the best interest rate for a credit card?
10%
12%
20%
18%
8
How are banks able to pay their employees
We don't know
By charging fees to their customers
They don't
9
Why do people use credit cards?
because it is convenient
all of the above
because they do not have enough money in their account to make a purchase
to earn points or rewards
10
What bills are commonly used in Canada?
$2, $5, $10
$5, $10, $20, $50, $100
$5, $10, $25
$1000
11
Why is it important to have a bank account in today's society?
To have a place to keep your money safe.
It's not
To make it easier to make purchases
To get a credit score and be able to borrow money if necessary
12
What is a credit card?
Cash
a prepaid card your can use to purchase items
a card that takes money of your account
a card that allows you to borrow money from a bank.
13
Interest
bills and coins
an amount you pay yearly to have a credit card
a score based on your income
the percent you are charged each month for the balance on a credit card

Financial Literacy Flashcards | StudBud