What is an electronic wallet?
payment that involves tapping a smartphone or watch that has apps or payment cards attached to a bank account.
Money in coins and bills is a method of payment called ____
cash
What does goods mean?
Products that can be purchased
What is an example of spending money?
Spending is to pay money to get goods or services
ex: buying lunch
A pack of pencils cost about $1.25 and a pair of notebooks cost $3.56.
Find the estimated total
Both items cost about $5.00
What is an e-transfer?
a banking service that allows clients to send and receive funds between their personal account and someone else’s, using email and their online banking service.
e-Transfers are quick and convenient!
A document that orders a financial institution to pay a specific amount from the issuer’s account to the person or organization named is a method of payment called ____
cheque
What does services mean?
Tasks or actions performed by people for payment
What is an example of saving money?
Saving is to put aside money for future use; objectives can be short term (e.g. buying a tablet), or long term (e.g. saving up for university)
A class set of glue sticks cost $12 and a class set of markers cost $17.18
Find the estimated total
Both items cost about $29.00
What is price matching?
Comparing prices from two different stores to find the better deal
a plastic card used to pay for goods and services. When the card is used, the amount is deducted directly from the cardholder’s chequing account is a method of payment called _____
debit card
What are some examples of goods?
ex: food and clothing
What is an example of investing?
Investing is to buy something that is expected to make a profit or income (ex: stocks)
Ms. Thipakaran bought 2 apple pies for $1.99, how much did she pay for 4?
Ms. Thipakaran paid $7.96
What is a need?
A necessity, something that is required to live.
a plastic card, issued by a financial institution, that allows the cardholder to get funds to pay for goods and services. Cardholders MUST pay the money back + interest and any other charges, according to conditions is a method of payment called ______
credit card
What are some examples of services?
ex: car repair
What is an example of donating?
Donating is giving a gift for charity, humanitarian aid, or to help a cause (ex: Salvation Army, Food Banks)
Mr. Boscariol bought a glockenspiel for $37 but paid with two $20 bills.
What was his change?
He received $3 in change
What does it mean to earn?
Obtain money in return for labour or services.
a type of currency that exists only in digital or virtual form. It is secured by a mathematical encryption process that makes it nearly impossible to counterfeit or use fraudulently is a method of payment called ______
cryptocurrency
Is a mechanic's job a good or service?
Service
What is an example of earning?
Earning is getting money in return for labour or services (ex: being employed with a job, paid for chores)
Mme. Lyons bought a Mount Royal hoodie for $85 but paid with five $20 bills.
What was her change?
She received $15 back in change