Search Header Logo
  1. Resource Library
  2. Social Studies
  3. Economics
  4. Personal Finance
  5. Interest: Savings & Credit. Aks 64cd
Interest: Savings & Credit. AKS 64cd

Interest: Savings & Credit. AKS 64cd

Assessment

Presentation

Social Studies

6th Grade

Medium

Created by

Elizabeth Johan

Used 5+ times

FREE Resource

3 Slides • 9 Questions

1

media

What does this graph tell us about personal finance?

2

Multiple Choice

Question image

What does this graph tell us?

1

A savings account earns more money over time.

2

You have to pay more money every month to pay back your loan.

3

media

4

Multiple Choice

Question image

What does this table tell us?

1

Interest increases the amount of money in your savings account.

2

Interest decreases the amount of money in your savings account.

5

Match

Question image

Interest?

Interest is money YOU PAY for borrowing....

Interest adds a percentage of the amount in your...

In a savings account, the bank...

loans and credit.

savings and investments.

PAYS YOU interest.

6

Multiple Choice

Question image

What is the difference between cash and credit?

1

Cash is only used to save in a bank, while credit is used to pay for expenses.

2

Cash is money you have RIGHT NOW to use, while credit is when you borrow money and pay it back.

7

Multiple Choice

Question image

Why would someone need to use credit?

1

When there is not enough cash to pay for an immediate need or want.

2

When there is exactly how much money needed to pay for something.

8

Multiple Choice

Question image

When you use a credit card,

what are you really doing?

1

You are lending money to a bank or business.

2

You are earning interest on the money.

3

You are borrowing money from a bank or business.

9

Multiple Choice

Question image

When you borrow money, you are expected to pay the money back plus additional money.

What is that additional money called?

1

Inflation

2

Interest

3

Income

10

media

11

Dropdown

Question image
How much interest did this person pay back to the credit card company?

12

Multiple Choice

Question image

Why should you pay a loan back quickly?

1

You will owe less interest.

2

You will owe more interest.

3

You will earn more interest.

media

What does this graph tell us about personal finance?

Show answer

Auto Play

Slide 1 / 12

SLIDE