Financial Literacy Terms
A product that can be purchased, such as food and clothing.
What is a good?
Your total is $23.00. You pay with $30.00. Calculate the amount of change.
$7.00
You purchase two items. The first item costs $25.00. The second item costs $50.00. Estimate the total cost of the purchase.
$75.00
This coin has a polar bear on it.
What is a toonie?
A person receives a pay check from the grocery store where they work.
What is earnings?
A task or action performed by people for payment, such as hair cuts.
What is a service?
Your total is $60.00. You pay with $100.00. Calculate the amount of change.
$40.00
You purchase two items. The first item costs $100.00. The second item costs $70.00. Estimate the total cost of the purchase.
$170.00
Name all the Canadian bills (colour and value).
Blue - $5.00, Purple - $10.00, Green - $20.00, Red - $50.00, Brown - $100.00
Putting money into an account to save for a vacation to Alberta in the summer.
What is savings?
The way in which we pay for goods and services.
What is a method of payment?
Your total is $128.00. You pay with $150.00. Calculate the amount of change.
$22.00
You purchase two items. The first item costs $90.00. The second item costs $60.00. Estimate the total cost of the purchase.
$150.00
How many quarters make $1.00?
4 quarters
An individual gives money to a local charity that helps to support the local food bank.
What is donating?
An agreement between a buyer and a seller to exchange goods and services for money.
What is a transaction?
Your total is $356.00. You pay with $500.00. Calculate the amount of change.
$144.00
You purchase two items. The first item costs $152.00. The second item costs $233.00. Estimate the total cost of the purchase.
$385.00
The name of the sailboat on the dime.
What is a bluenose?
A person uses $1,200 to purchase a new cellphone they have been saving for.
What is spending?
Means to purchase something that is expected to make profit.
What is investing?
Your total is $352.00. You pay with $500.00. Calculate the amount of change.
$148.00
You purchase two items. The first item costs $243.00. The second item costs $564.00. Estimate the total cost of the purchase.
$807.00
The name of the lady on the ten dollar bill.
Who is Viola Desmond?
A person purchases a new home with the hopes of making money from the home in a few years.
What is investing?