Podcast
Questions and Answers
What do taxes help the government do?
What do taxes help the government do?
- Give out free smartphones to citizens
- Fund space exploration
- Build and repair roads (correct)
- Provide free meals for everyone
What is the main purpose of managing your own money?
What is the main purpose of managing your own money?
- To feel anxious about handling money
- To avoid thinking about purchases
- To make your own purchases without asking parents for money (correct)
- To complicate buying things
What is an important consideration when buying items with saved money?
What is an important consideration when buying items with saved money?
- Ignoring the price tag
- Ensuring the items are the latest model
- Paying attention to sales tax (correct)
- Asking for discounts at the store
What is the significance of having your own money?
What is the significance of having your own money?
What is the total amount you would pay if you only make the minimum payment each month on a $2000 balance?
What is the total amount you would pay if you only make the minimum payment each month on a $2000 balance?
Why is it advised to pay more than the minimum payment every month?
Why is it advised to pay more than the minimum payment every month?
What does the photo accompanying the text depict?
What does the photo accompanying the text depict?
What is the purpose of the Financial Consumer Agency of Canada's credit card calculator app?
What is the purpose of the Financial Consumer Agency of Canada's credit card calculator app?
How much would it cost to buy a bicycle in Ontario if it is priced at $299.99 and the sales tax is 13%?
How much would it cost to buy a bicycle in Ontario if it is priced at $299.99 and the sales tax is 13%?
What advice does the Financial Consumer Agency of Canada offer to teenagers?
What advice does the Financial Consumer Agency of Canada offer to teenagers?
What type of sales tax is the Goods and Services Tax, or GST?
What type of sales tax is the Goods and Services Tax, or GST?
In which provinces are the GST and PST combined into one single sales tax known as the Harmonized Sales Tax, or HST?
In which provinces are the GST and PST combined into one single sales tax known as the Harmonized Sales Tax, or HST?
What is the exchange rate between the Canadian Dollar (CAD) and the U.S. Dollar (USD) mentioned in the article?
What is the exchange rate between the Canadian Dollar (CAD) and the U.S. Dollar (USD) mentioned in the article?
What factor determines how much the Canadian Dollar is worth when compared to other currencies?
What factor determines how much the Canadian Dollar is worth when compared to other currencies?
What is the Provincial Sales Tax (PST) in Quebec known as?
What is the Provincial Sales Tax (PST) in Quebec known as?
Which type of sales tax has a different rate depending on the province in Canada?
Which type of sales tax has a different rate depending on the province in Canada?
What does the exchange rate of 0.73 between CAD and USD mean for each currency?
What does the exchange rate of 0.73 between CAD and USD mean for each currency?
In which provinces are the GST and PST not combined into one single sales tax?
In which provinces are the GST and PST not combined into one single sales tax?
What determines how much you're actually paying when buying from American stores?
What determines how much you're actually paying when buying from American stores?
What type of sales tax is the Harmonized Sales Tax (HST)?
What type of sales tax is the Harmonized Sales Tax (HST)?
What is the value of each Canadian Dollar (CAD) when compared to the U.S. Dollar (USD) based on an exchange rate of 0.73?
What is the value of each Canadian Dollar (CAD) when compared to the U.S. Dollar (USD) based on an exchange rate of 0.73?
Where can one find out about the daily exchange rates between Canada and the United States?
Where can one find out about the daily exchange rates between Canada and the United States?
What is the most common way to save money for larger purchases?
What is the most common way to save money for larger purchases?
What type of bank account is typically used for storing money to use regularly, such as for paying bills?
What type of bank account is typically used for storing money to use regularly, such as for paying bills?
What is interest in the context of a savings account?
What is interest in the context of a savings account?
What is the typical interest rate for a regular savings account?
What is the typical interest rate for a regular savings account?
What is a bank fee?
What is a bank fee?
What do you typically receive along with your bank account?
What do you typically receive along with your bank account?
What is credit in the context of financial institutions?
What is credit in the context of financial institutions?
How often is the interest on credit calculated?
How often is the interest on credit calculated?
How much of the original $2000 balance goes towards paying off the interest if the minimum payment is made?
How much of the original $2000 balance goes towards paying off the interest if the minimum payment is made?
If you owe $2000 on a credit card with an annual interest rate of 16%, how much is the daily interest rate?
If you owe $2000 on a credit card with an annual interest rate of 16%, how much is the daily interest rate?
What kind of account is recommended for storing money to use regularly?
What kind of account is recommended for storing money to use regularly?
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