Financial Literacy review Gr 4/5

Mrs. Awender gives Mr. Lawrence $200.00 to spend on music and instruments for the music room. He spends $45.75 on sheet music. He spends $15.40 on five pairs of drumsticks. He finally spends $125.30 on a new flute. How much money did Mr. Lawrence have left over after he buys the things for the music room?

• $12.54

• $13.55

• $186.45

• $61.15

Ayzah decided to buy a new winter coat for $45 and a new pair of mitts for $5. She also bought new boots for $132. How much did she spend, including tax?

• $182.00

• $282.00

• $205.66

• $213.00

If you pay for a pop with coins, what are you paying with? Choose the correct answer.

• cash

• debit card

• cheque

• credit card

• EMT

If you pay with a plastic card connected to a bank that charges you interest if you do not pay for your purchase in one month, what are you paying with? Choose the correct answer.

• cash

• cheque

• credit card

• EMT

• digital wallet

If you pay for something using an electronic device that allows one party to make transactions with another party, what are you paying with?

• cash

• debit card

• cheque

• digit wallet

• EMT

If you fill out a document that directs your bank to pay the person holding the paper a sum of money, what are you paying with?

• cash

• debit card

• cheque

• EMT

• digital wallet

Amin decided to buy a snow globe for his mom. He paid $36. For his brother, he bought him a new shirt for $23. He has $75.00 to spend. How much money would he have left over if he figured out the tax for his two purchases?

• $8.33

• $66.67

• $59.00

• $16.00

Moussa decided to go out for lunch. He paid $16 for a pizza. He paid $2 for a donut. Finally he paid $4 for a Dr. Pepper. If you figured out the tax, how much did his lunch cost?

• $22

• $15.39

• $20

• 24.86

Layla buys a new backpack for $23.00. How much tax did she pay on her purchase?

• $25.99

• $2.99

• $27.00

• $4.00

If you pay for something with a plastic card that is connected to your bank account, what are you paying with? Choose the correct answer.

• cash

• debit card

• cheque

• EMT

• credit card