Types of Payment
paying with coins or bills
what is cash?
You were given this as a gift, and you can only spend it at Indigo or Chapters.
what is a gift card?
You buy a book that costs $7.00. You pay with a $20.00 bill. How much change do you get back?
what is $13.00?
using a card with $50.00 on it that has already been purchased from a store
what is a gift card?
Your parents or caregivers want to pay rent from their bank account at the end of the month, so they give someone something they can cash later.
what is a cheque?
You buy a Blue Jays hat for $28.00. You pay with a $50.00 bill. How much change do you get back?
what is $22.00?
paying with a card that links to your bank account and the money comes out of your account immediately
what is a debit card?
Your parents or caregivers need to pay rent that they will pay later
what is a credit card?
You buy a soccer ball for $14.00 and a sweatshirt for $26.00. You pay with a $50.00 bill, how much change will you get back?
what is $10.00?
using a card to pay for things with money you borrowed from the bank
what is a credit card?
You want to buy materials for making glow in the dark, butter slime. You want to pay for them from your bank account right now, but you don't have any cash.
what is a debit card?
You buy a set of headphones for $38.00, a new iPad case for $12.00, and a book set for $25.00. You pay with $100.00, how much change will you get back?
What is $25.00?
Giving a piece of paper to someone that shows how much money you want them to take out of your bank account for them to put into their account
what is a cheque?
You owe your friend $50.00 for buying a pair of shoes from him, but he moved to another country. How could you pay him?
what is EMT (electronic money transfer)?
You have $50.00 in cash. What are 4 different ways you could represent $50.00 with bills and/or coins
answers may vary:
- 50 dollar bill, 2 20 dollar bills and a 10 dollar bill, 10 5 dollar bills, 2 20 dollar bills and 5 toonies...