What is the total cost?
Jess bought new sneakers that cost $60 and socks that cost $5.
$65
Pam's total cost was $15 and she paid with a $20 bill.
$5
Needs
The things you can't get by without, such as a place to live and food to eat.
Lucy has a $10 bill and wants to buy an ice cream cone for $4.
Yes
Using bills and coins
Cash
Matt bought a hockey stick for $34 and a helmet for $48.
$82
Joey's pizza was $12 and he paid using a $50 bill.
$38
Wants
Wants are things that are nice to have but not absolutely necessary to survive.
George has a five dollar bill and 2 loonies, can he buy a sketch book for $8?
No
Visa
Credit
Harry bought a pizza for $12, drinks for $5, and a dipping sauce for $1.
$18
Mike's groceries cost him $98 and he paid with a $100 bill.
$2
The amount of money you get back if you pay more money than the item costs
Justin has 2 five dollar bills and a twenty dollar bill, can he buy a lego set for $30?
Yes
Mastercard
Credit
Karen bought a tv for $259, and a sound system for an additional $110.
$369
$21
Barter
To exchange goods or services with someone without using money
Monica has $75 in the bank and a five dollar bill in her wallet, can she buy a new dress for $80?
Yes
Paying from a savings account
Debit
Jim bought a new bike for $112, a helmet for $29, and a new water bottle for $14.
$155
Carly used a $1000 cheque to pay for her new tv that cost $742. What is her change?
$258
Interest
The percent charged or paid when you save or borrow money
Rachel has $742 in her bank account, and she has a cheque for $200. Can she buy a new computer for $1100?
No
Writing down an amount and signing it off on paper.
Cheques