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WorksheetsFinancial Literacy Grade 6
Total questions: 12
Worksheet time: 25mins
Give 2 examples of GOODS and 2 examples of SERVICES.
Which method of payment is best for in emergencies?
(a)
Name 2 methods of payment where a drawback of using them includes fraud.
Which method of payment typically offers incentives like cash back or rewards?
(a)
You are at Wal-Mart buying school supplies.
Name 1 payment you could use and why it is a good idea.
Name 1 payment you can NOT use and why it would be inconvenient or impossible.
In your own words, explain the difference between a donation and an investment.
Which of the following is NOT a financial institution:
Bank
Insurance Company
Stock Market
Credit Union
Name 3 services a bank can provide:
"Giving money to a person or organization with the expectation that it will be repaid."
This is:
trading
donating
borrowing
lending
Jessica's doesn't have enough money for the second hand car she needs. He dad purchases the car and has Jessica pay him back slowly over the year. This is an example of:
borrowing
insurance
saving
trading
A friend of yours is starting a dog walking business. He asks to borrow 100$ to buy leashes, collars, and treats. Once his business gets off the ground he pays you back the 100$. Is this an example of investment? Explain why or why not.
Jordan googles various flights to Costa Rica. He compares all the different prices and then purchases the cheapest one. Is this an example of saving or spending? Explain your answer.
