stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
5/6 Financial Literacy (Ontario) Flashcards | StudBud
Explore
/
5/6 Financial Literacy (Ontario)
5/6 Financial Literacy (Ontario)
18 terms
·
StudBud Administration
·
260 plays
Practice Questions before our SWYK.
Flashcards
18 cards
F
Practice quiz
P
Host live
L
Questions
18
Answers
1
The price tag on the cowboy boots says $89.00. What will my total be WITH TAX?
$100.57
$112.32
$89.00
$90.67
2
When you put money into a bank account you are
colouring
saving
donating
investing
3
If Ms. Leblanc is $5 in debt to Ms. Julie, that means:
Ms. Leblanc PAID Ms. Julie $5
Ms. Julie OWES Ms. Leblanc $5
Ms. Julie and Ms. Leblanc BOTH OWE $5 to Ms. Berardelli
Ms. Leblanc OWES Ms. Julie $5
4
When you can't afford to pay off your debts and you have to get a judge to help you make a payment plan
A smart idea to do all the time
A long weekend
Ihavenomoney syndrome
Bankruptcy
5
If my ice cream is $1.00 without tax, how much will my total be WITH TAXES (13%)
$1.13
$4.90
$1.00
$113.00
6
It is a smart idea to have short AND long term financial goals.
False
True
7
What is NOT a good reason to take out a loan?
To pay for a house
To pay for college or university
You want to take a cruise with your friends
To pay for a car to get you to and from work
8
When you give money to a charity you are...
donating
saving
earning
investing
9
What is a unit price?
Ms. Lolas' new pet.
A cool new band
The price for one of the grouped items
The price of something when you buy in bulk (like at Costco)
10
Which is a GOOD
Manicure
Nintendo 64
Taxi ride
Haircut
11
Debt is when you owe a person, or company, money.
True
False
12
What is a finacial institution
American Eagle
A Piggy Bank
A Movie Theatre
A Bank
13
Which is a service?
Play Station 4
Backpack
Car
Manicure
14
What is, realistically, something you could do to cut costs on your grocery bill?
Buy less, look at coupons, switch to an alternative foods
Eat bugs
Don't eat
Eat at a friend's house for the rest of your life
15
It is ALWAYS a BAD IDEA to go into debt.
True
False
16
Money grows on trees
True
False
17
Our tax dollars pay for a lot of things. What is one thing that it does NOT pay for?
Schools
A new Wal-Mart
Snow ploughs for highways.
Hospitals
18
Why do credit card companies want young people to sign up for their cards?
They want to help young people get better credit scores
They want to make money off of young people's poor spending choices.
They know young people are the BEST with making financial decisons
They think young borrowers are the safest risk for their company.
