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Careers Term 4 Flashcards | StudBud

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How much money can you put into a TFSA yearly

How should you handle having a credit card?

Careers Term 4

14 terms·StudBud Administration

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Questions 14

Answers

1
How should you handle having a credit card?
Check your bill for errors
Think before you swipe
All of the above
Pay off monthly
2
How much money can you put into a TFSA yearly
None, this is a trick questioin
500
2000
7000
3
What is the least risky type of investment?
Real Estate
Bonds
Stocks
GIC
4
What is Gross Pay?
Money earned
Money made at your job
Your job salary
The amount earned before deductions
5
If you lose your job, which should you stop spending money on first?
Bills
Saving
Food
Entertainment
6
What does the term fixed expenses refer to?
Your spending money
The money you put into savings
Expenses that change month to month
Regular expenses you have to pay
7
At what age do you start paying CPP?
18
21
16
When you are done schooling
8
What is an example of a fixed expense?
Car Payment
Fishing Licence
Eating out
Dog Grooming
9
What is an RRSP?
A way to save 6k money that is tax free
A useful way to save for retirement
A tool for saving for post secondary education
A type of bank account
10
What is the first thing you should put money towards?
Starbucks
Paying back my parents
Savings
Bills
11
How do you NAIL getting a part time job?
Talk to family and friends - network
All of the above
Look your best for the interview
Prepare answers to interview questions
12
What is a TFSA?
Savings meant for retirement
It's a way to save for your next car
Tax Free Savings Account
A way to save for post-secondary education
13
Which type of investment does the gov't give you 20% on?
Stock Market Shares
Canada Savings Bond
RRSP
RESP
14
Why should you set financial goals?
All of the above
So that you are prepared for emergencies
To set yourself up for success
So that you can have a handle on financial literacy