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Grade 4 Financial Literacy Review

Total questions: 20

Worksheet time: 15mins

Name
Class
Date
1.

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

a)

credit card

b)

debit card

c)

e-transfer

d)

loan card

2.

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

a)

credit card

b)

debit card

c)

e-transfer

d)

loan card

3.

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

a)

e-mail

b)

cheque

c)

e-transfer

d)

surprise

4.

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

a)

cheque

b)

e-transfer

c)

cash

d)

credit card

5.

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

a)

cash

b)

cheque

c)

debit card

d)

credit card

6.

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

a)

$37

b)

$33

c)

$23

d)

$13

7.

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

a)

Yes

b)

No

8.

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

a)

Yes

b)

No

9.

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

a)

$2500

b)

$700

c)

$100

d)

$10

10.

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

a)

$5

b)

$50

c)

$500

d)

$2.50

11.

Which of these prices is the most likely price you'd pay for a medium pizza with 1 topping at a pizza place?

a)

$10

b)

$50

c)

$1

d)

$5

12.

Giving away your old clothes is an example of....

a)

investing

b)

donating

c)

earning

d)

spending

13.

Buying a new bike is an example of

a)

saving

b)

donating

c)

earning

d)

spending

14.

Taking a book out of the library instead of buying it from a book store is an example of....

a)

saving

b)

spending

c)

donating

d)

earning

15.

Getting paid $5 to shovel your neighbours driveway is an example of...

a)

donating

b)

spending

c)

saving

d)

earning

16.

Taking an amount of money you've saved and using to purchase something that you expect to make you money is an example of...

a)

spending

b)

donating

c)

investing

d)

earning

17.

You buy a treat at the store that costs $1.25. You pay with a toonie ($2). How much change should you get back?

a)

$1

b)

$0.50

c)

$0.25

d)

$0.75

18.

You have $20 in your Apple account. You spend $13 in the Apple Store. How much money is left on your account?

a)

$5

b)

$7

c)

$13

d)

$8

19.

You buy these 2 items at the store:

A chocolate bar: $1.50

A can of soda: $1.25

How much do these cost in total?

a)

$3.00

b)

$2.50

c)

$1.75

d)

$2.75

20.

You get a weekly allowance of $10. You save all your money. How many weeks until you have saved $100?

a)

5 weeks

b)

10 weeks

c)

20 weeks

d)

2 weeks