Money Concepts
True or False: International currencies have different values compared to Canadian currency.
对还是错：国际货币与加拿大货币的价值不同。
TRUE!
真的!
What are financial goals?
什么是财务目标？
An objective that a person sets that affects how they spend or save money.
人们设定的目标会影响他们如何花钱或存钱。
What is a budget?
什么是预算？
A plan to manage income and expenses over a set period
在一定时期内管理收入和支出的计划
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What are financial institutions?
什么是金融机构？
A company that provides and manages money transactions (i.e. deposits, loans, currency exchanges)
提供和管理货币交易（即存款、贷款、货币兑换）的公司
True or False: The value of currency is determined by the demand for it.
对还是错：货币的价值取决于对货币的需求。
TRUE!
真的
True or False: Buying a home is a short term financial goal
对还是错：买房是一个短期财务目标
FALSE!
错误的！
What are earnings and expenses?
什么是收入和支出？
Earnings: Getting money for labour or services (this is what you earn for your work!)
收入：通过劳动或服务获得的钱（这是您通过工作赚取的钱！）
Expenses: The things you have to pay money to get (this is what you spend money on!)
支出：您必须花钱才能获得的东西（这是您花钱购买的东西！）
What is financial decision making?
什么是财务决策？
Weighing the pros and cons of one’s choices about the use of money.
Example: Deciding how to save, spend, donate, invest
权衡金钱使用选择的利弊。
例如：决定如何储蓄、消费、捐赠、投资
When would you borrow money from a bank over friends and family?
您什么时候会向银行而不是朋友和家人借钱？
When you require a larger loan.
当您需要更大额度的贷款时。
What are currency exchange rates?
什么是货币汇率？
An exchange rate is the value of a nation's currency in comparison to the currency of another nation
汇率是一国货币相对于另一国货币的价值
Name 2 factors you might consider when looking at sources of financial information.
说出您在查看财务信息来源时可能考虑的两个因素。
Relevance (相关性)
Accuracy (准确性)
Bias/Perspective (偏见/观点)
Reliability (可靠性)
List some examples of differing types of budgets
列举一些不同类型预算的例子
Individual (个人)
Weekly (每周)
Monthly (每月)
Family (家庭)
School (学校)
City (城市)
Organization (组织)
True or False: The same events can impact the financial decision making of people differently
对还是错：同样的事件可能会对人们的财务决策产生不同的影响
TRUE
真的
Whats the difference between chequing and savings accounts?
支票账户和储蓄账户有什么区别？
Chequing Accounts: Allows for numerous deposits and withdrawals. This account can be used for bill payments and money transfers. BUT usually pays little to no interest.
支票账户：允许多次存款和取款。此账户可用于支付账单和转账。但通常几乎不支付利息。
Savings Accounts: A type of account that pays interest. There is usually a limit of number of transactions and there may be a fee associated if you go over the transactions; there may be various other set up fees.
储蓄账户：一种支付利息的账户。通常有交易次数限制，如果交易次数超过限制，可能会收取相关费用；可能还有其他各种设置费用。
If the exchange rate between American and Canadian dollars is 1 USD = 1.44 CAD. How much Canadian dollars is 10 USD worth?
如果美元与加元的汇率是1 USD = 1.44 CAD，10 USD 值多少加元？
$14.4 CAD
Name 2 Examples of Reliable Sources of Information
列举 2 个可靠信息来源的例子
Financial institutions (
金融机构)
Business sections of newspapers (报纸的商业版块)
Books and magazines on personal finance (个人理财书籍和杂志)
Parents or other trusted adults (父母或其他值得信赖的成年人)
Certified financial planning professionals (认证的财务规划专业人士)
Governmental and non-governmental financial organizations (政府和非政府金融机构)
Name 2 steps in creating a budget.
说出制定预算的 2 个步骤。
Purpose (目的)
Timeframe (时间范围)
Earnings (收入)
Expenses (费用)
Variables (变量)
Share (份额)
Adjust (调整)
What Are 2 Factors That May Influence Financial Decision Making
可能影响财务决策的两个因素是什么
Social media (社交媒体)
Employment (就业)
Ads (广告)
Consumerism (消费主义)
Unforeseen Circumstances (不可预见的情况)
Cora puts $2 600 in a savings account with an interest rate of 4.5% per annum and no monthly fee. How much interest does she get after three years?
Cora 在一个储蓄账户中存入 2,600 美元，年利率为 4.5%，无月费。三年后她能得到多少利息？
$351
Your family made it to Thailand! You all take the bus from the airport to the hotel. It costs ฿281.76 (Thai Baht). The exchange rate is currently 1 CAD = 23.48 THB. Convert ฿281.76 THB to CAD.
您的家人到达泰国了！你们全家都乘坐巴士从机场前往酒店。费用为 ฿281.76（泰铢）。汇率目前为 1 加元 = 23.48 泰铢。将 ฿281.76 泰铢兑换为加元。
$12 CAD
Wesley just started her job as a prison guard and gets paid $55 000 a year. His financial goal is to save up for the down payment for a new house. Where should he go for information to help reach her goal?
韦斯利刚刚开始担任狱警，年薪 55,000 美元。他的财务目标是攒下新房的首付。他应该去哪里获取信息来帮助她实现目标？
Possible sources (可能的来源):
Go to her bank and get a financial advisor (去她的银行找一位财务顾问)
Ask a trusted relative for advice (向值得信赖的亲戚寻求建议)
Start reading the financial section from a trusted news source, such as Financial Post (开始阅读来自可信新闻来源（如《金融邮报》）的金融版块)
Read articles from websites such as The Economist or Forbes (阅读来自《经济学人》或《福布斯》等网站的文章)
Henry and Joelle just had twins! Their monthly savings used to be $900 before the babies. How will this life event change their savings?
Henry 和 Joelle 刚刚生了双胞胎！在生孩子之前，他们每月的存款为 900 美元。这一人生大事将如何改变他们的储蓄？
Adding 2 extra family members will definitely mean that they’ll have less savings as they now need to spend on extra items they didn’t have before (e.g. diapers, feeding). BUT remember their income remains the same (or may even decrease if there is parental leave).
增加 2 名家庭成员肯定意味着他们的储蓄会减少，因为他们现在需要花钱购买以前没有的额外物品（例如尿布、喂食）。但请记住，他们的收入保持不（如果有育儿假，甚至可能会减少）。
Fiona’s mother just had surgery and she needs to take a leave from work for 6 months in order to look after her mother. How will this event influence her financial decisions?
Fiona 的母亲刚刚做完手术，她需要休假 6 个月来照顾母亲。这件事会对她的财务决策产生什么影响？
Since Fiona needs to take time off work, she will not be paid and loses a source of income (earnings). Therefore, Fiona’s leave from work will force her to spend more wisely as she loses her income. She has to make sure she doesn’t spend all of her savings and she will need to decide how to reduce her expenses.
由于菲奥娜需要请假，她将得不到工资，并失去了收入来源。因此，菲奥娜的休假将迫使她在失去收入的同时更明智地消费。她必须确保自己不会花光所有的积蓄，并且需要决定如何减少开支。
Francesca borrows $10 500 from the bank at a simple interest of 2.5% per annum over 3 years. How much IN TOTAL will she have to repay?
Francesca 从银行借款 10,500 美元，年利率为 2.5%，借期为 3 年。她总共需要偿还多少钱？
$11,287.5