Theme 6: Financial Literacy

Theme 6: Financial Literacy

Assessment

Flashcard

Social Studies

7th Grade

Hard

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16 questions

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1.

FLASHCARD QUESTION

Front

The air conditioning unit in your home breaks and you need to pay for a new one. Unfortunately, you do not have the money to pay for the full cost of the air conditioner right now but you need to replace the item immediately. Which form of payment should you use to cover the cost?

Back

credit card

2.

FLASHCARD QUESTION

Front

Which type of bank account is designed to have money deposited and withdrawn regularly and typically does not earn interest?

Back

checking account

3.

FLASHCARD QUESTION

Front

True or False: A high credit score means a bank will be very willing to loan you money.

Back

true

4.

FLASHCARD QUESTION

Front

Which type of college degree takes the longest amount of time to achieve?

Back

Doctorate/PhD

5.

FLASHCARD QUESTION

Front

True or False: More education and/or training for a job usually results in more money or a higher salary for that job.

Back

True

6.

FLASHCARD QUESTION

Front

Which vocab word means "money that you spend?"

Back

Expense

7.

FLASHCARD QUESTION

Front

Which vocab word means "money paid per hour?"

Back

wage

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