Personal Finance Stuff

What is an example of an early substitute for IOU’S

• rocks

• Whales teeth

• pinecones

• Paper money

What was one thing used as an IOU

• Wales tooth
• Paper
• Grass
• Fur

What is debt?

• Currency we use to pay for goods and services
• Money that you owe
• The difference between inflation and deflation
• The money you receive after deductions have been taken off

What is inflation?

• Blowing up a pool toy
• Prices go up due to more money in circulation
• Goods and services get cheaper
• Wages increase by 5%

Renting a home is better than buying

• Yes
• Most of the time
• Never
• Sometimes (depending on circumstance)

Is it better to have a little inflation or a little deflation?

• Neither
• Inflation
• Deflation
• Both

What things should you not buy cheap?

• Shoes, beds, and clothes

• Food, beds, and sofas

• Tires, shoes, and beds

• Couch’s, tires, and socks

Did Lesley Scorgie meet here goal at the age of 25?

• yes
• No, but close
• don’t know
• not even close

What is minimum wage in Manitoba?

• $12

• $11.75

• $11.95

• $11.9

Usually working as a gas attendant is…

• Piecework
• Hourly wage
• Contract
• Wage+tips