Financial Literacy

Front

What payment method does Emma use to buy groceries at the store? Options: Cash, Debit Card, Credit Card, Check

Back

Debit Card

Front

What payment method does Ben use for the oil change that appears on his monthly bill? Options: Cash, Debit Card, Credit Card, Check

Back

Credit Card

Front

Jackson invested his savings in a bank account that earns interest only on the initial amount he deposited. What kind of interest is this?

Back

Simple

Front

Arjun borrowed some money from the bank. The original amount of money he borrowed is...

Back

Principal

Front

What kind of interest is earned on the principal plus the interest?

Back

Compound

Front

Maya wants to avoid paying interest on her credit card. What should she do? Options: Do not pay anything, Pay the minimum payment after its due date, Pay the minimum balance every month, Pay the balance in full every month

Back

Pay the balance in full every month

Front

Henry decided to use his savings to buy stocks in a company, hoping to earn more money in the future. What is this action called?

Back

investment

Front

What is the fee called that the bank charges Daniel, usually a percentage of the amount he borrowed to buy a new car?

Back

interest

Front

What is the deduction from Kai's paycheck that is based on his income and used to fund various public services?

Back

tax

Front

How will late bill payments affect Mason's financial health?

Back

Mason will not qualify for loans for bigger purchases