Money Money Money
What are 5 things you need money in order to buy?
List 5 Different ways you can pay for something.
Debit & Credit Cards
Digital Wallets (Apple pay)
Preauthorized payments (Auto pay)
E-Transfer
Cheques
Bills & Coins (Cash)
Prepaid cards
Gift Cards
Coupons
Is there some products exempted from a sales tax? (HST)
What is yes.
Basic Groceries, Prescription drugs, Healthcare services, Educational Services, Rent, personal hygiene products etc.
How many coins and bills does Canada currently have in currency
10 Total 5 Coins and 5 Bill
Bonus points to name them all.
When to comes to spending money, people spend money on needs before ________
What is wants
True of False: There use to be a time where you would barter or trade for goods instead if use money.
What is True.
Name 2 ways you would likely pay for an Amazon purchase.
What is Debit, Credit, Amazon gift card
Name one thing that the money we pay in tax goes towards.
Answers will vary. Some may include Education, Healthcare, Social Programs, Transportation, Emergency services etc.
If you give the cashier more cash/change than the price of the item, what will you receive back?
What is Change
Name one thing you may need to save for before purchasing.
Answers may vary
True or False: Coins have been around longer than bank notes (bills)
What is True. Coins emerged as a form of currency much earlier than paper money
True or False: Debit cards have reward programs and purchase/fraud protection
False. Credit cards typically have the reward programs and protections not debit cards
To figure out how much tax is on a purchase how much do you times (x) it by to figure out the total cost?
You buy something for $ 29.99. You use your debit card to pay for it? How much change will you get back?
$0 You used debit!
Answers will vary
Ture or False, can money be invested?
Investing is making your money to work with the goal of earning more money over time.
What is true.
What is one of two things you need as well as an Canadian Bank Account in order to make or receive an e-transfer
Either an e-mail or a mobile phone number
Calculate the tax and the final price of a purchase that cost $29.99
Total tax is $3.90
True or False Was there a $1000 dollar bill in circulation in Canada at some point in time?
What is True! It was withdrawn in the year 2000.
Explain Needs vs Wants
Give one example of each
Answers will vary
Cryptocurrency entered the financial landscape in what century?
Hint we are currently in the 21st century
What is the 21st Century.
the First Cryptocurrency was Bitcoin & it was created in 2009
People love to save money! What is the very popular app that allows you to see flyers and use coupons to a variety of different store
What is the Flipp app
Calculate the tax on an item that cost
$79.99
What is $90.39 (Rounded up)
Tax: $10.40
What is on the back of the Canadian $5 dollar bill?
What is the Canadian Arm
False! It is the 50% 30% 20% method!
50% Needs
30% Wants
20% Savings