Financial Terms/Literacy 1
This document helps track your income and expenses each month.
Budget
What place do you visit to store your money safely and use it for saving and spending?
Bank or Credit Union
What is the capital of Barbados?
Bridgetown
This element has the chemical symbol "O" and is essential for respiration.
What is oxygen?
The Coat of Arms of Barbados is featured on all coins.
True or False?
True
The practice of setting money aside for a large future expense
Saving
What is the term for money that you earn or receive for doing chores?
An "Allowance"
This music genre/style originated in Barbados.
Spouge
This is the only continent that is also a country.
What is Australia?
I am no longer issued. I am Copper, and I have a broken trident on one of my sides. Which coin am I?
The One-cent coin
The term for borrowing money with the agreement to repay it, typically with interest.
What is credit or Loan?
When you place money into a savings account and the funds grow over a period of time. It is because of?
Interest
Who is the current "Head of State" in Barbados?
President Dame Sandra Mason
This empire was ruled by Julius Caesar, Augustus, and Nero.
What is the Roman Empire?
The First Prime Minister of Barbados and an image of Independence Square is on this banknote.
The $50 Note/ Bill
This financial product allows you to own a small piece of a company.
What are stocks?
This is a small plastic card that you can use to buy things now and pay for them later. What is it called?
Credit Card
Which ocean surrounds Barbados?
The Atlantic Ocean.
This music superstar is known as the "King of Pop."
Who is Michael Jackson?
The South Point Lighthouse, the oldest lighthouse in Barbados, is on this coin.
The Five-cent coin
The practice of spreading investments across different asset types to reduce risk.
What is diversification?
Having money set aside in case of unexpected expenses, like medical bills or car repairs, helps prevent financial stress. What is this fund called?
An "Emergency Fund"
This Barbadian athlete won a bronze medal at the 2000 Sydney Olympics.
Obadele Thompson
This planet is the largest in our solar system.
What is Jupiter?
Our new banknotes are made of what material.
Polymer