Unit 1: Financial Literacy, College and Career Readiness
Flashcard
•
Mathematics
•
6th Grade
•
Practice Problem
•
Hard
+6
Standards-aligned
Wayground Content
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15 questions
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1.
FLASHCARD QUESTION
Front
True or False: Checks and Debit Cards are NOT connected to your checking account.
Back
False
2.
FLASHCARD QUESTION
Front
What is the correct amount in this scenario? $175.25, $25.25, $632.25, $482.25.
Back
$175.25
Tags
CCSS.5.NBT.B.7
3.
FLASHCARD QUESTION
Front
Which of the following reasons for selecting a bank is valid? 1) Bank B has a lower monthly fee. 2) Bank A has a lower overall monthly cost. 3) Either bank is fine as costs are identical. 4) Bank A charges more per check transaction.
Back
Madison should select Bank A because her overall monthly cost will be $1.50 less than Bank B.
Tags
CCSS.8.F.A.2
CCSS.HSF.IF.C.9
4.
FLASHCARD QUESTION
Front
Which list contains methods to pay for college that do not require repayment? 1) student loans and work-study 2) scholarships, student loans, and savings 3) savings, scholarships, and grants 4) grants, scholarships, and student loans.
Back
savings, scholarships, and grants
5.
FLASHCARD QUESTION
Front
Why is it important to establish positive credit history? 1) Higher credit scores result in lower interest rates. 2) Positive credit history leads to higher credit scores. 3) More likely to be offered a loan by a bank. 4) All of the above.
Back
All of the above.
6.
FLASHCARD QUESTION
Front
What is a checking account?
Back
A checking account is a bank account that allows for deposits and withdrawals, typically used for daily transactions.
7.
FLASHCARD QUESTION
Front
What is a debit card?
Back
A debit card is a payment card that deducts money directly from a checking account to pay for a purchase.
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