Understanding Money and Transactions

Which of the following is a method of payment you can use to buy a book at a store in Canada, and why is a '/' sometimes used in questions about payment methods?

• Cheque

• Maple leaf

• Library card

• Pencil

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ONTARIO.MATH.4.F1.1

You want to buy a toy for $12 and a book for $8. How much will you pay in total, not including tax?

• $18

• $20

• $22

• $16

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ONTARIO.MATH.4.F1.2

Which of the following best describes the concept of "saving" as opposed to spending/using money immediately?

• Using all your money to buy things right away

• Putting aside some money to use later

• Giving all your money to charity

• Earning money by working

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ONTARIO.MATH.4.F1.3

If you spend more money than you save/spend, what might happen?

• You will have more money for the future

• You might run out of money quickly

• You will always have enough money

• You will earn interest

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ONTARIO.MATH.4.F1.4

Which of the following is NOT a method of payment/spending?

• Debit card

• Credit card

• Canadian dollar bills

• School uniform

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ONTARIO.MATH.4.F1.1

You buy a sandwich for $5 and a juice for $3. You pay with a $10 bill. How much change should you get back?

• $1

• $2

• $3

• $5

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ONTARIO.MATH.4.F1.2

Which of the following is an example of earning/spending?

• Spending money on a new toy

• Getting money for doing chores

• Donating money to a charity

• Saving money in a piggy bank

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ONTARIO.MATH.4.F1.3

Why might two people have different saving/spending habits?

• They have the same needs and wants

• They always earn the same amount

• They have different priorities and goals

• They use the same bank

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ONTARIO.MATH.4.F1.4

Which of the following is a digital method of payment/transaction?

• Cash

• Debit card

• Cheque

• Gift card

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ONTARIO.MATH.4.F1.1

You buy three pencils for $2 each. Why is the '/' used in the price, and how much do you pay in total?

• $5

• $6

• $7

• $8

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ONTARIO.MATH.4.F1.2