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17 questions
What is it called when someone sends money to your bank account using your email address?
Cheque
PayPal
Credit Card
E-transfer
When you use your credit card you are __________ money from the credit card company.
donating
borrowing
sending
What am I charged if I do not pay my credit card bill on time?
Invest
apples
cheque
Interest
A debit card is like using _________.
a cheque
a credit
cash
a loan
A credit card does not have to be paid back.
True
False
Putting money into my bank about is called a __________.
deposit
withdrawal
payment
cheque
When I take money out of my account I am doing a __________.
deposit
investment
withdrawal
cheque
If you continue to pay the minimum payment on your credit card, it will take ______________ to pay it off.
more time
less time
Advantages of credit cards are...
Click all that apply.
debt
over spending
emergency funds
can buy things online
On a debit or credit card, the chip adds an extra layer of security.
True
False
A plan for making and spending money is called a _________.
loan
cost
bank
budget
Money that has been borrowed is called a ________.
savings
budget
loan
expense
What does it mean to save your money?
Saving is keeping your money for a future purchase
Saving is buying something that you want or need
Saving is getting money from a job or chore
A person who buys or uses goods and services can be defined as a __________.
service
consumer
banker
producer
Sarah borrowed $20.00 from her sister to buy a new pair of skates. She paid her sister $5.00 each week. How many weeks did it take Sarah to pay her sister back?
8
6
2
4
Susie is trying to decrease the amount of money she spends each month. What should Susie cut out to save money? Click all that apply.
groceries
online shopping
eating out
rent
When I pay for something with my phone it is called a _________.
cash payment
cheque
mobile payment
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