Unit Rates
What is a Unit Rate?
Compares 2 quantities where the second one is always 1
(it tells us how much we get for 1 of something else)
what is an exchange rate?
the rate at which your money is worth in another country.
a card (usually plastic) that enables the holder to withdraw money or to have the cost of purchases charged directly to the holder's bank account
Debit card
What is an account used for everyday money activities. If you get paid from a job your money goes into this account and you can easily spend it?
Chequings account
what is income? and list one example.
money you gain.
a paycheque
what does the "/" mean when conducting unit rates?
(ex: 25km / h
it means "for one of something else"
Exchange Rate: 1 CAD = 100 yen
a) $8 CAD = ______ yen
8 yen
a card (usually plastic) that assures a seller that the person using it has a satisfactory credit rating and that the issuer will see to it that the seller receives payment for the merchandise delivered
Credit Card
A grade 8 student may use this type of account. this type of account may have restrictions like daily limits and offers no monthly fees
Student Account
what is an expense and what is one example
when you spend money
buying v-bucks
what is the unit rate for the following question:
$10 for 5 pens
$2 for 1 pen
1 EUR = 1.50 CAD
a) $150 CAD = ______ EUR
100 EUR
A way to send money electronically from one bank account to another using a phone or computer (typically sent to either a phone number or email address)
E-Transfer
this account is hard to access and gives you 2% interest each month. This account is designed to help your money grow overtime.
High interest savings account
why is saving important
so we have money incase unexpected payments come up
what is the following unit rate:
32 liters in 4 minutes
8 liters for 1 minute
or
8 Liters / minute
A phone costs $200 CAD. What is the cost in USD?(1 CAD = 0.72 USD)
$144 USD
what is loyalty rewards?
a marketing strategy designed to encourage customers to continue to shop at or use the services of a business associated with the program
True or False
If you pay for your groceries with a low interest savings account you do not get charged a fee
False
You get charged a $5 or $10 fee
if Abby got paid $1000 dollars each month but has to spend $300 on food and $50 on a phone plan every month, how many months would it take to save $6500
it would take 10 months to save $6000