Financial Literacy
Post-Secondary•45 minutes
Learning Objective
I can create a personal budget that tracks my income and expenses effectively.
Practice Questions
This lesson includes 7 practice questions to reinforce learning.
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1. Define borrowing and saving in your own words. How do they differ in terms of financial management?
2. If Frankie Finance saves $10 each week, how much money will she have saved after 20 weeks? Show your calculations.
3. Explain the concept of interest in borrowing. How does it affect the total amount that needs to be repaid?
...and 4 more questions
Educational Video
Financial Literacy—Borrowing vs. Saving | Learn the difference to help you choose
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