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WorksheetsFinancial Literacy
Total questions: 16
Worksheet time: 3hrs 40mins
What is credit?
Is your reputation around finances
Money you borrow from someone else
The interest paid on a loan
Cash you have in your pocket
What can hurt your credit?
Not paying your debts back on time
Never having had a loan
Having no credit history
All of the above
For which item would someone MOST LIKELY need to save money in order to
purchase?
a new shirt
a new washing machine
a hair dryer
a video game
A budget is a list of
income and expenses
things to buy
how much to save
needs and wants
20 stickers cost $2. How much does each sticker cost?
$.20
$.10
$.05
$.01
The store was selling 4 chocolate bars for $4.00. How much would one chocolate bar cost?
$1.00 per bar
$2.00 per bar
$0.50 per bar
$0.25 per bar
List three (3) methods of payment.
Which of the following is NOT a type of taxes we pay in Canada
Sales tax
Property tax
Reputation tax
Income tax
Name two (2) MUNICIPAL services.
(Things that towns and cities pay for with tax money).
Name one (1) PROVINCIAL service.
(Things that provinces pay for with tax money).
Name one service the FEDERAL government provides.
(Things that the Canadian government pays for with tax money).
Which is the better value?
25 pencils for $5
16 pencils for $4
Which is the better value?
30 chocolate bars for $12
25 chocolate bars for $8
Name one (1) CON of CREDIT CARDS as a method of payment.
Name one (1) PRO of CREDIT CARDS as a method of payment.
We talked about CHEQUES as a method of payment.
Do you think cheques are still important to use today? Explain your thinking. (At least three sentences).
