Financial Literacy

What is it called when someone sends money to your bank account using your email address?

• Cheque

• PayPal

• Credit Card

• E-transfer

When you use your credit card you are __________ money from the credit card company.

• donating

• borrowing

• sending

What am I charged if I do not pay my credit card bill on time?

• Invest

• apples

• cheque

• Interest

A debit card is like using _________.

• a cheque

• a credit

• cash

• a loan

A credit card does not have to be paid back.

• True

• False

Putting money into my bank about is called a __________.

• deposit

• withdrawal

• payment

• cheque

When I take money out of my account I am doing a __________.

• deposit

• investment

• withdrawal

• cheque

If you continue to pay the minimum payment on your credit card, it will take ______________ to pay it off.

• more time

• less time

Advantages of credit cards are...

Click all that apply.

• debt

• over spending

• emergency funds

• can buy things online

On a debit or credit card, the chip adds an extra layer of security.

• True

• False