Everett CassoMoose

Why is it important to study financial literacy?

(Please give 3 reasons)

What is a budget?

What does "lending" mean?

What is the difference between a credit card and a debit card?

What is a factor that could affect someone's ability to achieve their financial goals? (example/hint: if they don't have a car, injured etc.)

Monika's family has a financial goal to save money for a trip to go whale watching in British Columbia. They want to go on this trip in one year. It will cost $2500 for the family of four to go on this trip.

What type of goal is this? Short or long term? Please explain

Monika's family has a financial goal to save money for a trip to go whale watching in British Columbia. They want to go on this trip in one year. It will cost $2500 for the family of four to go on this trip.

Explain two things they need to do to budget, save or grow their money for this trip

Monika's family has a financial goal to save money for a trip to go whale watching in British Columbia. They want to go on this trip in one year. It will cost $2500 for the family of four to go on this trip.

Which method of payment (e.g. cash, credit, debit) would be the best for the family to use to purchase their flight tickets to B.C.? Explain

(PxRxT) Calculate the interest earned on each deposit/loan

$20 000 deposited for 5 years at 3.5% interest rate

(PxRxT) Calculate the interest earned on each deposit/loan

$5000 borrowed at 2% interest over 4 years