Credit & Credit Cards
What percentage of Canadians have a spending limit at or over $10,000 on their credit cards?
What is 41%
Two types of goals people budget for.
What are long term goals and short term goals?
This bank has the lowest interest on its credit cards, at 13.99% ?
What is CIBC?
What does the CRA stand for?
What is the Canada Revenue Agency
Name 2 things that might affect how we decide to spend our money.
What is financial knowledge, emotions and personality, influence of society and where we live, and past experiences?
This is a deficit in a bank account caused by drawing more money than the account holds.
What is overdraft?
If you are saving for post-secondary school, this is an example of what type of goal?
What is a long-term goal?
Failing to file/pay your taxes is called...
What is the student loan office of BC called?
What is StudentAid BC?
a type of loan that lets you borrow money up to a pre-set limit.
What is a line of credit?
How much does the average Vancouverite spend on groceries for one person, for one month?
What is 225$?
What are the Big Five Banks of Canada?
What is the minimum income to file taxes? (within a $1000 range)
what is $13,229
Where is the lowest minimum wage in the country ($11.81)?
Where is Saskatchewan?
When borrowers apply for credit cards and loans, lenders will look for the 3 C's:
what are Character, Capital, and Capacity
a computer program that represents information in a two-dimensional grid of data, along with formulas that relate the data.
What is a spreadsheet?
this type of account provides with you with easy access to daily spending
What is a chequeing account?
Name 2 websites that can help you file your taxes.
What are TurboTax, Wealthsimple, H& R Block, CloudTax
Where is the highest minimum wage in the country ($16)?
Where is Nunavat?
What makes up 35% (the highest percentage) of your credit score?
What is payment history
If you spend 50% of your budget on needs, 30% on wants, and 20% putting away in savings, you are using this rule.
what is the 50-30-20 rule?
What is the interest percentage on a BMO student credit card?
what is 19.99%
What is the percentage of taxable income over the highest tax bracket in B.C ($216,511)?
What is 33%
These two animals are used to describe the stock market stability.
What is a bear and a bull?