We’re already more than halfway through summer and each day brings us closer to the start of another school year. Speaking of back-to-school, Ontario’s grade nine math curriculum is getting a makeover! This year, students in grade nine will learn about financial literacy, covering real-life topics such as appreciation, depreciation and budgeting.

So, are you as financially literate as a ninth grader? Test yourself with these three questions from a CPA Canada Financial Capability Study. Answers are upside down at the bottom (no peeking!)

1) If the inflation rate is 5% and the interest rate you get on your savings is 3%, will your savings have at least as much buying power in a year’s time?
a) Yes
b) No

2) A credit report is a …?
a) List of financial assets and liabilities
b) Monthly credit card statement
c) Loan and bill payment history
d) Credit line with a financial institution
 
3) Who insures your stocks in the stock market?
a) The National Deposit Insurance Corporation
b) The Securities and Exchange Commission
c) The Bank of Canada
d) No one

I’m almost halfway to my goal of 50 reviews on Amazon! If you’ve had a chance to read the book, and you can find a minute to leave a review on Amazon, I’d really appreciate it.

To get your copy, you can head to Amazon.ca – I appreciate each and every sale. (If you’re looking to buy in bulk for family, clients or employees, please email me at [email protected]).

Thank you again for your continued support as friends, family members, colleagues and book lovers.

Enjoy the rest of August – September will be here before we know it!

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