Grade 6 financial literacy is about how money moves and whether a goal is realistic. Ontario expectation F1.1 asks students to describe methods of payment and the factors that help or hinder a financial goal. This printable preview does not compute interest. A jacket is bought, and students identify the payment where bills and coins are handed over at the till, then the payment where the money leaves a bank account right away. Saving 70 dollars for a bicycle this summer is classified as a kind of goal, and saving 1520 dollars for university over ten years is a different kind. Two further items name a saving target and ask which choice makes that goal harder to reach. Counting loonies and making change from a 5 dollar bill is the Grade 3 money page.
Ontario curriculum: Mathematics (2020) · Financial Literacy F1.1 — describe methods of payment and the factors that help or hinder a financial goal
What payment methods does the Grade 6 sheet compare?
Cash, described as bills and coins handed over at the till, and a payment that takes money from the bank account immediately. Expectation F1.1 is methods of payment and the factors around a financial goal.
Does Grade 6 financial literacy include interest?
Not on this page. The questions are about the kind of goal and what makes a saving plan harder. Simple and compound interest come in later grades.
How is a summer bicycle goal different from a university goal?
The preview uses both. Saving 70 dollars for a bicycle this summer is a short-term goal. Saving 1520 dollars for university over ten years is a long-term goal. Students match the description to the kind of goal.
