Methods of Payment
Definitions
Saving & Donating/Investing
Change
Fun Facts about Money
100

If Ms.V goes to the store and buys 2 freezies for 1 dollar. Her total is $2.00. What method of payment would be the best to use to pay for her freezies? 

A) Credit Card 

B) Debit Card 

C) Cash 

C) Cash 

100

an electronic transfer of money online from one bank account to another

Etransfer

100

Kaiya wants to be a vet, so Kaiya works hard to make some money. She puts her money in a piggy bank. 

What is Kaiya doing? 

a) Saving

b) investing her money to make it grow 

c) spending her money 

a) saving 

100

You buy 10 chocolate bars at the corner store. Your total is $7.00. 

You pay with a $10.00 bill 

How much change are you receiving? 

$3.00 

100

What is this called? 

A cheque 

200

Wyatt is going to buy his Chevrolet Silverado. The cost of the truck is over 50,000. How will Wyatt buy his truck? 

A) Credit Card 

B) Cash 

c) Loan from the bank 

d) Debit Card 

B or C

Cash - sometimes people save up to buy their vehicle with cash 

Loan from bank - a lot of times people will do something called financing which is borrowing from the bank.

200

coins and bills used to pay for goods and services

Cash

200

Cayden & Jack are on a trip to Ottawa. They see people asking for money to help a charity - sports for kids - they worked hard all summer earning money. 

They talk about it and think that sports for kids in need is a really important organization/fundraiser. What would they be doing if they choose to give some money? 

a) Spending money 

b) donating money 

c) investing money 

a) donating money

200

You buy 2 of Baby Yoda's. Your total comes to 52.00 

You pay with a 50 dollar bill and a 5 dollar bill for a total of 55.00 

55.00-52.00 = _______? 

3.00 dollars

200

What is the loonie named after? 

  • The currencies of 1 Canadian dollar are nicknamed loonies, from the name of the aquatic bird appearing on the reverse. Also, this name is often used referred to the monetary unit, in general.
300

Remi is buying 5 Star Wars character figures. The total of his purchase is $60. 

Which payment method should Remi use? 

A) Cash 

B) Debit Card 

C) Credit Card 

D) Loan from a bank 

A) Cash 

B) Debit Card 

( C) Credit Card )

300

a plastic card used to buy goods and services, where a company pays first and you pay the company back later

Credit Card

300

Emmie & Claire have decided to take their environmental conservation to the next level. They want to raise some money. 

They open a lemonade stand. They spend $20 on materials like lemonade, a sign, ice and some cups. 

When they open their lemonade stand to sell lemonade. What are they doing? 

a) spending money 

b) investing money 

c) donating money 

a) investing money 

300

Ms.V bought 20 little chicks. She got a huge deal on them. She only paid $2.00 per chick. 

How much money did she spend on chicks? 20x2

She is paying cash, which bills will she use and how many? 

a) 40 

b) 2x 20 dollar bills 

300

Why is the toonie called a toonie? 

Naming. "Toonie" is a portmanteau word combining the number "two" with the name of the loonie, Canada's one-dollar coin. It is occasionally spelled "twonie" or "twoonie", but Canadian newspapers and the Royal Canadian Mint use the "toonie" spelling.

400

Ms.V is buying furniture for her house and her purchase is $1500.00. 

Which payment method might be the best to use? 

a) Cash 

b) Credit Card 

c) Debit Card 

A or B or C 

Cash because she should pay it with cash she saved.

Debit because it is the same as cash 

Credit because it may get points/cash back BUT because it is borrowed money, she should pay it off right away. 

400

a piece of paper that tells the back to pay someone directly from your bank account

A cheque
400

Ms.V wants to buy a four wheeler, what does she need to do to make sure she has enough money? 

a) Invest her money 

b) Save her money 

c) use a credit card 

b) save her money 

400

You got a job at McDonalds. Awesome! 

You take people's orders and their money. 

Your computer stopped working and you need to do the math in your head. 

The order came to 7.50 in total and the customer gave you 8 loonies ($8.00) how much change are you going to give them back? (8.00-7.50)

.50 cents 

400

Where is Canadian money made? 

500

Jack is buying 10 loafs of bread. The bread is 2.99 on sale so he is buying 10 because he loves bread. His total is 29.99 or 30$ if you round up. 

Which method of payment should he use? 

A) Debit 

B) Cash 

C) Credit Card 

A) Debit or B) Cash 

500

a plastic card used to buy goods and services where the money is directly taken from your bank account instead of using cash

Debit Card

500

Alexis and Adara want to start a bunny farm. They can't start their bunny farm without doing research first. While researching, they come across a bunny sanctuary asking for money. 

If Alexis and Adara choose to give some money. What are they doing? 

a) Spending money 

b) donating money 

c) investing money 

b) donating money 

500
CHALLENGE:

You have a 50.00 bill

how can you break your 50.00 bill up into smaller bills? 

What bills might you have and how many? 

Types of bills: $5, $10, $20 

various answers. 

500

What bill is Viola Desmond on? 

The 10 dollar bill

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