Understanding Money and Transactions

Which of the following is a way money can be transferred from one person to another in Canada?

• Sending a letter

• Using an Interac e-Transfer

• Mailing a postcard

• Sharing a photo

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ONTARIO.MATH.5.F1.1

• \$15.25

• \$16.25

• \$14.25

• \$13.75

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ONTARIO.MATH.5.F1.2

• \$10

• \$12

• \$8

• \$14

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ONTARIO.MATH.5.F1.3

What does it mean to use credit when making a purchase?

• Paying with cash only

• Borrowing money to pay now and paying it back later

• Getting a discount

• Paying with coins only

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ONTARIO.MATH.5.F1.4

Which of the following unit rates offers the best value?

• 4 chocolate bars for \$8

• 6 chocolate bars for \$12

• 10 chocolate bars for \$20

• 5 chocolate bars for \$10

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ONTARIO.MATH.5.F1.5

Which is NOT a way money can be transferred between businesses?

• Cheque

• Cash

• Email

• Electronic funds transfer

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ONTARIO.MATH.5.F1.1

• \$25.00

• \$27.60

• \$28.00

• \$30.00

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ONTARIO.MATH.5.F1.2

• \$10

• \$12

• \$8

• \$15

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ONTARIO.MATH.5.F1.3

Which of the following is a possible consequence of having too much debt?

• Earning more interest

• Owing more money than you can pay back

• Getting free money

• Spending less

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ONTARIO.MATH.5.F1.4

Which is the best value per litre?

• 2 L of juice for \$4.00

• 3 L of juice for \$6.30

• 1 L of juice for \$2.20

• 5 L of juice for \$10.50

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ONTARIO.MATH.5.F1.5