6th Grade Financial Literacy

Which action will raise your credit score?

• Paying bills late.
• Acquiring lots of loans.
• Borrowing more money than you can repay.
• Paying bills on time.

How long will negative actions remain on your credit history?

• 7 years
• 7 months
• 7 decades
• 7 centuries

Tags

CCSS.6.NS.C.5

Which person is most likely to be offered a loan, if the decision was solely based on their credit scores?

• M. Spiller
• B. Murphy
• S. Thorne
• W. Myers

Tags

CCSS.4.NBT.A.2

Katie wants to purchase a camera that costs $149.99.  She has $435.00 in her checking account.  Which statement is true if Katie uses a debit card to pay for the membership?

• She will have to pay interest on the amount she borrows.
• She will have to pay a penalty fee because she does not have enough money in her account.
• She will have to make payments on the amount she borrows.
• She will not have to pay a fee because she has enough money in her account.

Tags

CCSS.7.EE.B.3

Juanita uses her friendly debit card for most of her purchases.  Over the last three months, her debit purchases were $245.67, $451.32, and $388.79.  How much cash will she get credited to her account?  Round to the nearest cent.

• $10.85
• $108.57
• $10.86
• $108.58

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

CCSS.7.RP.A.3

Alyssa is going to use her Home Makeover credit card to buy kitchen cabinets without interest for $990.66, what is the minimum she can pay each month?

• $82.56
• $990.66
• $330.22
• $165.11

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

If Frank uses online banking and averages 20 transactions a month, which bank should he choose?  Explain.

• First-Star; The average cost per month would be $6.75.
• First-Star; The average cost per month would be $10.99.
• Lane Avenue; The average cost per month would be $6.75.
• Lane Avenue; The average cost per month would be $1.25.

Tags

CCSS.6.RP.A.3B

James's initial balance in his checking account was $800.  He withdrew $200 and then deposited $164.  James made another transaction that brings his balance to $750.  What was the transaction?

• a deposit $314
• a withdrawal of $14
• a withdrawal of $414
• a deposit of $50

Tags

CCSS.7.NS.A.3

Determine the final balance of the account below.  The opening balance was $143.54.

• $163.30
• $161.30
• $162.30
• $160.30

Tags

CCSS.7.NS.A.3

What is a similarity between debit and credit cards?

• Both are small and made of plastic.
• Both require you to use a PIN #
• Both are paid when the bill arrives.
• Both charge interest fees on unpaid balances.

Tags

CCSS.L.6.5B

CCSS.L.8.5B

CCSS.W.11-12.2D