Ontario Grade 6: Money Basics

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Fun finance questions for Ontario students.

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Ateesia

Canada

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Ontario Grade 6: Money Basics


Froggy Jumps Ontario Grade 6: Money BasicsOnline version Fun finance questions for Ontario students. by Ateesia 1 What is the difference between a need and a want? a A need is optional; a want is essential b A need is something essential for living; a want is something desirable but not essential. c A need is a loan; a want is a savings plan 2 What is a budget? a A bank account with a fixed deposit b A list of all debts you owe c A plan that shows expected expenses and income over a period 3 If you earn $10 and spend $7 on snacks, how much do you have left? a $3 b $10 c $17 4 Which is a good habit for saving money? a Saving a portion of allowance each week b Borrowing money from friends every week c Spending all money on video games first 5 What does interest mean in simple terms? a Money you spend on interest-free items b A type of tax on earnings c Money earned on money you spend or borrow 6 Which of these is a fixed expense? a Monthly gym membership b Paying for a movie ticket today c Buying a candy bar 7 What is a goal of smart spending? a To avoid saving at all costs b To spend money on needs first and save for goals c To buy everything you want immediately 8 If the interest on borrow money states that it is 24% how much dollars would be charged extra on every 100 you spent? a $240 b $24 c $2.40 9 Why is saving a small amount regularly helpful? a It makes you spend more today b It builds for future costs and goals c It increases debt automatically 10 What should you do before buying an expensive item? a Compare prices and check if it fits your budget b Ignore prices and buy what friends have c Buy it immediately to avoid regret of missing out 11 This form of payment is when money is sent to our bank accounts automatically. a Automatic Deposit b Automatic Transfer c Automatic Payments 12 A piece of paper that is signed by an individual and given to someone else as payment for something. Is called ...? a Debit b Credit c Cheque 13 A card given by banks that allows you to borrow money. Is called...? a Credit Card b Gift Card c Debit Card 14 Money in coins or bills. Is used mainly for...? a Buying a house or car b Buying groceries for a year c Buying groceries for dinner

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Ontario Grade 6: Money Basics

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Ontario Grade 6: Money BasicsOnline version

by Ateesia

What is the difference between a need and a want?

What is a budget?

If you earn $10 and spend $7 on snacks, how much do you have left?

Which is a good habit for saving money?

What does interest mean in simple terms?

Which of these is a fixed expense?

What is a goal of smart spending?

If the interest on borrow money states that it is 24% how much dollars would be charged extra on every 100 you spent?

Why is saving a small amount regularly helpful?

What should you do before buying an expensive item?

This form of payment is when money is sent to our bank accounts automatically.

A piece of paper that is signed by an individual and given to someone else as payment for something. Is called ...?

A card given by banks that allows you to borrow money. Is called...?

Money in coins or bills. Is used mainly for...?