Financial Quiz

What is a monthly fee?

• A fee you pay to the store bi-weekly

• A base fee paid once a month to the bank

• A fee you pay to the bank yearly

What are NSF charges?

• A charge to your credit card monthly

• Special funds that the government gives you.

• A fee you have to pay when your bank balance drops below zero dollars

Interest rate is________?

• The cost of borrowing money

• The amount of money in your bank account

• A fee that on your debit card

A secured loan means that you are putting up something you own as collateral.

• True

• False

OSAP stands for____________.

• Ontario Student Aid Program

• Ontario Student Arms Program

• Ontario Student Assistance Program

Which of the items below can help you build your credit?

• Debit Card

• Credit Card

• A Paystub

Net Income = Income after deductions.

• True

• False

A pay stub is_________?

• a record of expenses

• • a record of wage payments

• Your credit card statement

A paycheque is_______?

• A cheque that you send to the bank

• What you see debit purchase with

• A payment of wages