Financial Literacy - 14 Things To Know.

Financial Literacy - 14 Things To Know.

Bridge Math - Mr. Pica/Dr. Brewer/Mr. Cox

Multiple Choice

Alicia Martin’s savings account has a principal of $1,200. It earns 6% interest. How much simple interest will she earn after 9 months?

• $36.00

• $1,254.8

• $1,236.27

• $54.00

Multiple Choice

Alicia Martin’s savings account has a principal of $1,200. It earns 6% interest compounded quarterly. How much compound interest will she earn after 9 months?

• $54.81

• $1254.81

• $54.80

• $1254.80

Multiple Choice

The general term used to describe money received for college/higher education

• Financial AED

• Finances

• Financed Education

• Financial Aid

Multiple Choice

Money from nonprofit and private organizations that do not need to be repaid.

• Grants

• Scholarships

• Financial bonus

• Beneficiary

Multiple Choice

Emergency funds are calculated based on:

• Retirement Planning

• Investing for College

• Monthly Income

• Monthly Expenses

Multiple Choice

What happens to the car's value after you drive it off the lot?

• It depreciates in value?

• It increases in value.

• It does nothing in value.

• I get in a wreck and have to get a new one.

Multiple Choice

When you want something you should always get it?

• True

• False

Multiple Choice

The goal of a budget is _________________.

• to spend more than you make

• to spend less than you make

Multiple Choice

Paying the minimum payment on a credit card every month will:

• Pay a large percentage of the total balance owed every month

• help the cardholder create a plan for paying of a credit card in a decent amount of time

• Make the final amount paid substantially higher than the amount initially charged to the card

• allow the cardholder to avoid paying any interest charges

Multiple Choice

What is the most important factor of a credit score?

• Types of credit

• Amount of debt

• Payment History

• Inquires

Multiple Choice

Bankruptcy can stay on your credit report for up to:

• 2 years

• the rest of your life

• 10 years

• it doesn't show up

Multiple Choice

Applying for a credit card only affects your credit score if you use the card.

• True

• False

Poll

After this lesson I know how to make good financial decisions after graduation.

• Yes

• No

• Maybe