Gr. 6 Financial Literacy

Money received during a period of time from wages, interests and other sources.

Cheques can be dated for a future date.

Credit cards are not accepted many places.

Cheques can not be forged.

A savings account is where you save funds that you aren't ready to use yet, often with the goal of accumulating more

A savings account is a bank account that you can access your money, write cheques, and pay bills from.

A plastic card given to a person by their bank that allows them to transfer money from their account to another account

Actions or tasks performed by people for payment.

A chequing account tends to be your go-to, daily transaction bank account. 

Cash requires safe storage because it can easily be lost or stolen.

Cash allows you to spend less because you will only spend what is in your wallet.

With credit cards there is a high risk of spending more money that you can afford.

People borrow money to purchase items they cannot afford.

A plan of expected income and expenses for a future period of time.

Products that can be purchased.

Debit cards are fast, convenient and easy to use.

The word used to describe physical money (bills and coins).

Money spent during a period of time to pay for goods and services.

4% written as a decimal is...

Debit cards can be replaced if lost or stolen

Allows the holder of the card to purchase goods or services on credit.

0.045 represents....

A company that provides and manages monetary transactions such as deposits, loans and investments.

A piece of paper that tells a bank to pay a specific amount of money from a person's account.

The amount a financial institution charges a customer to borrow money

Savings, investments or spending targets you hope to achieve over a set period of time.

1.8% written as a decimal...