STAAR Review Financial Literacy

STAAR Review Financial Literacy

Assessment

Flashcard

Mathematics

6th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

What is a savings account?

Back

A savings account is a bank account that earns interest on the money deposited and is used for saving money for future needs, such as college.

2.

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 and financial behavior.

3.

FLASHCARD QUESTION

Front

What is a loan?

Back

A loan is a sum of money borrowed from a lender that must be paid back with interest over time.

4.

FLASHCARD QUESTION

Front

What is a scholarship?

Back

A scholarship is a form of financial aid awarded to students based on academic or other achievements that does not need to be repaid.

5.

FLASHCARD QUESTION

Front

What is a grant?

Back

A grant is a financial aid award given by a non-profit organization or government that does not need to be repaid.

6.

FLASHCARD QUESTION

Front

What is a debit card?

Back

A debit card is a payment card that deducts money directly from a consumer's checking account to pay for a purchase.

7.

FLASHCARD QUESTION

Front

What is a credit card?

Back

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.

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