Grade 4 Financial Literacy Review

A plastic card used to buy something where money is taken directly from your bank account is called:

• credit card

• debit card

• e-transfer

• loan card

A card that allows you to borrow money you don't have and then pay it back with interest is called .....

• credit card

• debit card

• e-transfer

• loan card

If you send money from your bank account to somebody else's bank account over the internet, it is called...

• e-mail

• cheque

• e-transfer

• surprise

If you are shpping in an online store, for example Amazon, the most efficient and common way to pay for your items is by...

• cheque

• e-transfer

• cash

• credit card

If you are buying a couple of small items in a dollar store, the best and most common way to pay is ....

• cash

• cheque

• debit card

• credit card

You are buying an item that costs $37. You are paying with a $50 bill. How much change do you get back?

• $37

• $33

• $23

• $13

Is it reasonable to pay $10 for a muffin at a place like Tim Horton's?

• Yes

• No

Is it reasonable to pay $10 for a t-shirt?

• Yes

• No

Which of these prices is the most likely price you'd pay for an iPad?

• $2500

• $700

• $100

• $10

Which of these prices is the most likely price you'd pay for a pair of running shoes?

• $5

• $50

• $500

• $2.50