On the move
This term describes moving money between individuals, businesses, or organizations
What is Money Transfer?
A financial tool designed to help you manage earning and spending for various scenarios.
What is a budget.
The math operation used to calculate the cost of a single item when you know the price of many
What is unit rate
These are collected by different levels of government in Canada
What are taxes
An example of moving money from an employer to an employee's bank account automatically.
What is Direct Deposit?
This concept refers to money that is borrowed and must be paid back
What is Debt
If 5 books cost $25, this is the "unit rate" for one book
What is $5
This is one example of a service in the community paid for by tax revenue.
What are Roads/Hospitals/Schools/Parks?
A method of transferring money that uses digital apps or "e-transfers" rather than physical cash.
What is an Electronic Transfer?
This concept refers to the ability to borrow money or access goods before payment
What is credit.
When comparing two items, you calculate this to identify which offers the best value.
What is unit rate.
This is included when calculating the total cost of transactions in dollars and cents
What is sales tax
Besides individuals, these two types of groups also transfer money among themselves
What are Organizations and Businesses
This is spending money is hopes to make more money.
What is investing
True or False: A lower unit rate always means you are getting a better value for your money.
What is true
This is taken off a pay cheque before a person get paid.
What is income tax?
This is a safe way to trnsfer a large sum of money
What is a money transfer.
This is unpaid money to owed to someone else (e.g., a person, a bank or an institution).
What is debt?
This is charged to people who own land, a house or a building.
What is property tax?