Financial Literacy 4 Flashcards

1

Why was the Canadian penny discontinued?

Costly to make
Too heavy
Color change
Unpopular

2

What's a reason to save money?

Display Wealth
Fashion Statement
Unlimited Spending
Unexpected Expenses

3

What's a drawback of cash compared to cards?

Security
Size
Color
Weight

4

Which is a benefit of using cash?

Digital
Rewards
Traceability
Reliability

5

True or false: Debit cards use your bank funds directly

True
False

6

Why donate to charity?

Legal Requirement
Loss of Funds
Tax Benefits
Personal Profit

7

Why might e-transfers be preferred over cash?

Convenience
Tradition
Scarcity
Physicality

8

What does a cheque specifically allow?

Online Payment
Big Purchases
Investment
Instant Withdrawal

9

What's a risk of investing in stocks?

Potential Loss
Guaranteed Profit
Fixed Returns
Immediate Cash

10

What influences spending decisions?

Mood
Weather
Astrology
Luck

11

What happens if you don't pay your credit card?

Cashback
Discounts
Increased Debt
Reward Points

12

True or false: Cash has existed for 2000 years

True
False

13

True or false: Cryptocurrencies are government-issued

False
True

14

Why use electronic wallets?

Paper Trail
Manual Control
Speed
Physical Fitness

15

Why might someone prefer bartering?

Faster
Digital Record
More Expensive
No Cash Needed

16

What's the minimum age for a credit card in Alberta?

16
21
18
19

17

Which item is commonly bartered?

Cars
Cards
Laptops
Smartphones

18

What's a common use for credit cards?

Savings
Loans
Investments
Direct Debit

19

Which is NOT a method of payment?

Cheque
Gold Mining
Barter
Credit Card

Financial Literacy 4

Questions 19

Financial Literacy 4

Questions 19