True / False & If...
A savings account is one way that you might be able to earn interest on money that you have...True or False?
True
When you recieve a gift card, you have to use it at the same place it was bought for and the exact amount on the card...True or False?
False -- a gift card from any store can be used at any location of that business, and you can use part of the gift card value (and leave some) OR pay the remaining balance another way.
Why might a customer join a loyalty program?
A - to be part of the crowd.
B - to stay on budget
C - To be able to shop in town
D - to get special rewards, deals and sometimes even free stuff
How much is each individual notebook?
$4
Name 2 things someone might rent.
apartment
house
vehicle
moving van
piece of machinery
bouncy castle or party equiptment
When you buy something at a yard sale, you need to pay tax...True or False?
False
What is a card people use to buy things today and pay for them later?
Multiple choice options with answer
B - Birthday card
C - Credit card
D - Debit card
Why do we leave extra money for our waiter/waitress when we go to eat?
BONUS: What is the money we leave called AND how much is it typically?
Waiters, waitresses, and bartenders often make LESS than minimum wage and instead opt for the opportunity to make tips.
Tips are the money you give to service workers, and they are usually 15%+ of what you spend. Different people have different rules, but it is intended to reflect how happy you were with their service.
Sam uses a $15 gift card for a purchase of $21.45.
How much extra does Sam have to pay?
A - $5.45
B - $6.45
C - Nothing, the gift card covers it
D - $6.43
Brad thinks he can only use his bank card at stores that have an Interac sign AND his own bank.
Josh disagrees and says he can use his bank card anywhere, even at other banks.
Who is right and why?
Josh is right. When you use your bank card to withdraw money at other banks, you might be charged a service fee, but you can still withdraw money.
You can also use your bank card (regardless of which bank) wherever debit cards (Interac purchases) are accepted.
The word "TRANSACTION" refers to any exchange of money -- buying or selling an item, putting money into a bank account OR withdrawing it... True or False?
True
When a bank pays you for saving your money with them, they pay you this...
Multiple Choice options with "answer"
A - attention
B - rewards
C - interest
D - savings
Why is a charitable organisation sometimes called a non-profit?
All money raised is supposed to go to the cause. Charities are like businesses, but they have a goal of helping others instead of making money, so all money made should go to the cause.
A student collected $19 for each kilometre of a 22km walkathon.
What was the total amount raised after the student completed the walk?
$418
Terina has $15, all in coins. What is the least number of coins she could have?
A - 15 coins (all loonies)
B - 11 coins (7 toonies and 4 quarters)
C - 8 coins (7 toonies, 1 loonie)
D - 150 coins (all dimes)
If you want to buy something at a yard sale, you will need to have this...
Cash (or money)
Multiple choice options in answer
A - Using money they have to make more money
B - Putting money into a bank account
C - Exchanging money with another person
D - Having a job
Why might a store offer a loyalty program?
A - to keep customers happy
B - To keep their business costs down
C - To keep customers coming back to spend more
D - To help their customers save money and stay on budget
What is the correct way to figure out a 20% tip to your waitress?
A - Multiply by 20, then add half
B - Divide by 10, then double that amount
C - Multiply by 20
D - Just Guess
E - Multiply by 0.2
Georgia made $60 babysitting last weekend and then spent $18.95 on books and $4.45 on snacks. About how much money does she have left to put into her savings?
A - Between $25-28
B - Between $35-40
C - ~ $30
D - ~ $40
If somebody wants to get a debit card, then they would need this type of bank account...
A chequing account
When a person goes online to send money from their account to somebody else's account, they are doing this...
A - Using an e-wallet
B - Making a donation
C - Sending an e-transfer
D - Following a budget
Why does the government charge PST (provincial sales tax) and GST (Goods and Services Tax) on most goods and services in Canada?
They charge taxes so they can reinvest that money back in our province and country (Taxes go towards things like hopspitals, schools, roads and more)
A toy has a price of $9.99.
Estimate the amount of tax you would have to pay (NO CALCULATORS)
A - $1.30
B - Nothing, toys don't have tax
C - $13
D - $0.70
A family wants to purchase a home in a new neighbourhood. This is their first home (previously they were renting an apartment).
What are 2 things they will need to purchase this home
- a mortgage
- a down payment (AKA savings)
- good credit rating