Grade 9 · Social Studies · Unit 4 of 6
Financial Citizenship
Needs, wants, taxes and smart money choices.
What your child practises
Practises needs and wants, taxes and what they pay for, economic fairness, budgets, saving, credit, interest and scams, as in the Financial Citizenship strand of Nova Scotia's Citizenship 9 course.
Nova Scotia Curriculum learning outcome: Financial Citizenship · needs, wants and value, taxes, fairness, budgets, credit and informed financial choices
Sample questions
A taste of this unit. In the app, questions change every time and get easier or harder to match your child.
Question 1
Which is a NEED?
- brand-new shoes you already have a pair of
- a new video game
- clean drinking water
Show answer
clean drinking water
Hint: Needs are things people must have to live and be healthy.
Question 2
A co-operative is a business…
- run by no one
- owned by one person only
- owned and run by its members
Show answer
owned and run by its members
Hint: Credit unions and many farm and fish co-ops work this way.
Question 3
Sam earns $60 and spends $40. How much is left to save?
- $40
- $20
- $100
Show answer
$20
Hint: Subtract spending from income: 60 − 40 = 20.
Question 4
Saving money is helpful because it…
- prepares you for goals and surprises
- makes prices drop
- is required by law
Show answer
prepares you for goals and surprises
Hint: Savings give you choices later.
Question 5
Which is a good saving goal?
- Spend less if possible
- Save some money someday
- Save $50 for a bike helmet in 10 weeks, $5 a week
Show answer
Save $50 for a bike helmet in 10 weeks, $5 a week
Hint: A clear goal has an amount, a date and a plan.
Question 6
A family chooses cheap goods made far away because they cost less. A thoughtful consumer might also ask…
- How were these goods made, and who may be affected?
- Will this make me popular?
- Can I forget where it came from?
Show answer
How were these goods made, and who may be affected?
Hint: Informed choices consider effects on people and the planet.