Currency exchange
If I have $10 CAD and I wanted to exchange into USD, how much USD dollars would I have if $1 CAD = $0.70 USD? Also they charged me an additional fee of $2 USD dollars, so in the end how much money would I have left?
Answer= $5 USD dollar
Jordan wants to buy a new sneaker for himself which cost him $140. Jordan does chores and gets paid every week of $10. The only expense his Dad and Mom told him was rent which cost $2. So how long will it take for Jordan to be able to buy his new kick in DAYS?
Answer= It will take Jordan 18 days to buy his new shoes (Also this is rounded up from the hours)
Mich takes a loan of $3,000. Bank A offers an intrest fee 3% in 3 years. Bank B offers an intrest of 2.5% in 2 years. Which is the better option?
Answer= Bank B
Its okay to skip a payment now and then as long as you pay it back soon.
If I have $5 CAD and I wanted to exchange into USD, how much USD dollar would I have if $1 CAD = $0.70 USD?
Answer= $3.51 USD/$3.50 (when rounded)
Ethan wants to buy a new game for his Xbox. The game he wants to buy costs $70 (Tax included). Ethan weeks cleans the neighbors lawn for $15. His only expense is just his tools, his dad charges him $3 for using them. So how long will it take for Ethan to buy his new game in WEEKS?
Answer= It will take Ethan 6 weeks to be able to buy his new game.
Joey takes a loan of $5,000. Bank A offers an intrest fee 5% in 5 years. Bank B offers an intrest of 7.5% in 2 years. Which is the better option?
Answer= Bank B
Financial literacy is only about the profits you make.
Answer= False
If I have $20 CAD and I wanted to exchange into USD, how much USD would I have if $1 CAD = $0.70 USD?
Answer= $14.00 USD
George wants to save up for a Nintendo Switch for his brothers birthday that costs $350 (Tax included) . George makes $50 every week from his part-time job. The only expense George has is lunch, which costs him $20 a week. In the end how much WEEKS will it take George to be able to buy the Nintendo Switch?
Answer= It will take 12 weeks for George to be able to buy the Nitendo Switch
Jeff takes a loan of $4,500. Bank A offers an intrest fee 4.5% in 3 years. Bank B offers an intrest of 5.5% in 4 years. Which is the better option?
Answer= Bank A
If country A has been experiencing a good economy for the past 8 months. This will decrease the vaule of the currency?
Answer= False
I have 40 Euros and I went on a vacation to India and needed to exchange my money to Indian Rupee. If 1 Euro = 89.23 INR how much money would I recieve in Indian Rupee's? Also they charge you an additional fee with 500 rupees.
Answer= 3,569 INR (Rounded up)
Bobby wants to save up for a laptop for him self that costs $1500. Bobby makes $120 every week from his part-time job. The only expense Bobby has is grocceries, which costs him $50.75 a week. In the end how much WEEKS will it take Bobby to be able to buy the laptop? Also tax is not included and is 13%.
Answer= It will take him approximatley 25 weeks to buy the laptop
Larry takes a loan of $5,500. Bank A offers an intrest fee 6% in 4 years. Bank B offers an intrest of 5.5% in 5 years. Which is the better option?
Answer= Bank A is the better option
Budgeting is how you manage and decide with your money it can also be monthly or even yearly
Answer= True
I have $75 CAD and I wanted to exchange my money into mexican pesos. If every $1 CAD = $14.13 pesos how much money would I have in the end? Also they charged you an additional $100 pesos as an additional fee.
Answer=$960.80 MXN (Rounded up)
Mason wants to buy a new E-scooter for himself that costs $2,000. Mason gets paid $325.25 every week. The only expenses he has is grocceries and lunch which costs him $95.50 every week. So how long will it take Mason to buy the new E-scooter in DAYS? Also tax is not included and is 13% for the grocceries (Tax is not included except for his lunch).
Answer=It will take Mason 70 days to be able to buy the E-scooter
Rayyan takes out a loan of $7, 500. Bank A offers the loan with a 4.5% intrest over 6 years. Bank B offers the loan with 5% interest over 7 years. Which bank has an better offfer for Rayyan
Answer= Bank A provides the better offer
Wars and Pandemics can affect the currency value because of the shortages of the necessities.
Answer= True