6th GRADE MATH-Career Readiness

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What is a signature required for when making a purchase?

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A signature may be required for transactions involving credit cards or certain types of purchases.

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What is a bachelor's degree?

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A bachelor's degree is an undergraduate degree awarded by a college or university after completing a specific course of study, typically lasting four years.

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What is a scholarship?

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A scholarship is a sum of money or financial aid granted to a student based on merit or need to help them pursue their studies.

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What is a credit card?

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A credit card is a payment card that allows the holder to borrow funds from a pre-approved limit to pay for goods and services, with the understanding that they will repay the borrowed amount, often with interest.

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What does 'credit' refer to in an educational context?

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In education, 'credit' refers to a unit that measures a student's progress towards earning a degree, typically based on the completion of courses.

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What is the purpose of a financial aid application?

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The purpose of a financial aid application is to assess a student's financial need and determine their eligibility for scholarships, grants, and loans.

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What is the difference between a grant and a scholarship?

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A grant is typically awarded based on financial need, while a scholarship is often awarded based on merit or specific criteria.

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What is the importance of budgeting for students?

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Budgeting is important for students to manage their finances, track expenses, and ensure they can cover their educational and living costs.

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What is the role of interest in credit cards?

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Interest is the cost of borrowing money on a credit card, charged on any unpaid balance after the due date.

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What does it mean to be financially literate?

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Being financially literate means having the knowledge and skills to make informed financial decisions, including budgeting, saving, and investing.