Financial Literacy Review
Flashcard
•
Mathematics
•
6th Grade
•
Practice Problem
•
Hard
+8
Standards-aligned
Wayground Content
FREE Resource
Student preview
15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is a credit score?
Back
A credit score is a numerical representation of a person's creditworthiness, based on their credit history.
2.
FLASHCARD QUESTION
Front
True or False: Paying cash for all purchases helps build a positive credit history.
Back
False
3.
FLASHCARD QUESTION
Front
What factors are used to calculate a credit score?
Back
Factors include payment history, amount of money owed, length of credit history, and types of credit used.
4.
FLASHCARD QUESTION
Front
What is the difference between debit and credit cards?
Back
A debit card withdraws money directly from your bank account, while a credit card allows you to borrow money up to a certain limit to make purchases.
5.
FLASHCARD QUESTION
Front
What does it mean to use a credit card?
Back
Using a credit card means borrowing money to make a purchase, which must be paid back later.
6.
FLASHCARD QUESTION
Front
What is a loan?
Back
A loan is money that is borrowed and must be paid back with interest.
Tags
CCSS.L.3.4D
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
7.
FLASHCARD QUESTION
Front
What is the purpose of a credit card?
Back
The purpose of a credit card is to allow consumers to make purchases on credit and pay for them later.
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