Budgets
What is a balanced budget?
When your income is the same or more than your expenses.
Name two items that are needs.
Food/ Water/ Shelter/ Clothing
Name 3 methods of payment
What type of card allows you to borrow money from the bank?
Credit Card
What language can Miss G speak other than English?
Polish
Is rent a fixed or a variable cost?
Fixed
Name two items that are wants
Video games/ electronics/ entertainment
What is the abbreviation for Canadian currency?
CAD
What is it called when you put money in the bank?
Deposit
What is the name of Marcus's sister in Wounded?
Megan
Variable
Why are celebrity advertisements effective?
They influence us to buy what they are promoting because of their popularity.
What is the abbreviation for American currency?
USD
What is it called when you borrow money from the bank?
Loan
Who won Superbowl LIX?
Eagles
What is a fixed cost?
A reoccuring expense of the same price
Peer pressure/ Trends/ Social Media/ Lifestyle/ Health/ Family
________ rate is the rate to convert money from one currency to another.
Exchange
What is interest?
- The cost of borrowing money from the bank
- The reward for saving money in the bank
What sport is March Madness?
Basketball
What is a variable cost?
A random expense made at any time.
Name one factor that may make you decide not to spend money.
Health/ Unexpected expenses/ Picking needs over wants/ Lack of income
Canadian Dollar/ American Dollar/ Mexican Peso/ Polish Zloty/ Chilean Peso/ Japanese Yen
What are the two types of interest?
Simple and Compound
What animal swam from Antarctica to Australia?
Emperor Penguin