Financial Literacy - Review

You purchase a bag of chips for $2.99. What method of payment is best for this scenario?

• Cash

• Credit Card

• Cheque

You visit the Apple Store to purchase the iPhone 14 Pro Max with your parents. It costs $1,699.00. What method of payment is best for this scenario?

• Cash

• Credit Card

• E-transfer

A piece of gum costs $1.50 at the corner store. What method of payment is best for this scenario?

• Cash

• Debit

• Credit Card

Round $25.06 to the nearest 5 cents.

Remember the method. Look at the image for help.

• $25.00

• $25.10

• $25.05

Round $3.49 to the nearest 5 cents.

Remember the method. Look at the image for help.

• $3.50

• $3.45

• $3.00

True or False.

Tax Revenue pays for roads, highways, hospitals and parks.

• True

• False

True or False. Our taxes help to pay for swimming pools, wildlife conservation, libraries and national defence.

• True

• False

Kenu purchases a toy for $7.79. Estimate the total cost of his item.

• $6.00

• $7.00

• $8.00

Getting a haircut is a:

• Good

• Service

Buying a chair for your bedroom is a:

• Good

• Service