Personal Financial Literacy

Front

What type of features will Avery, a waitress who does online banking and rarely writes checks but uses a debit card at least twice a day, not need from a financial institution? Options: Free debit card, Free debit card usage, Free checks, Free online banking.

Back

Free checks

Front

Aliyana is a retired nurse who writes many checks, does online banking, and transfers money from her savings to her checking account twice a month. Which most likely is Aliyana's bank? Options: Bank 1, Bank 2, Bank 3, Bank 4.

Back

Bank 4

Front

John is deciding whether to use a debit card or a credit card to purchase a $50 remote control helicopter. Which statement correctly explains which card John should use to make his purchase?

Back

He should use a debit card because it is used like cash or checks.

Front

What happens to a bank account when a deposit is made? Options: The bank balance increases, The bank balance decreases, The bank balance stays the same, None of the above.

Back

The bank balance increases.

Tags

CCSS.6.NS.B.3

Front

What mathematical operation is used in a check register when a withdrawal is made?

Back

subtraction

Tags

CCSS.5.NBT.B.7

Front

Based on the transactions recorded in the check register, what would be the ending bank balance? Options:

$60.95

,

$160.95

,

$240.95

,

$150.95

Back

$160.95

Tags

CCSS.7.NS.A.3

Front

Which of the following does not describe a reason for establishing a good credit history?

• It helps you get a better interest rate on a loan.
• It helps a lender determine if you are eligible for a loan.
• It makes your resume look better.
• It allows you to have a higher credit limit on a credit card.

Back

It makes your resume look better.

Tags

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

Front

Which of the following does not describe a function of a credit report?

• It helps a lender determine if you are able to get a loan.
• It determines whether or not a person is issued a debit card.
• It helps a credit card company determine your credit limit.

Back

It determines whether or not a person is issued a debit card.

Front

Can information on a credit report be retained for only 1 year?

Back

No, because most credit report information is retained for 7 years.

Front

What information is not found in credit reports? Options:

Diplomas earned

,

Amounts owed

,

Credit types

,

Payment history

Back

Diplomas earned