Financial Literacy - Banking & Protecting Your Credit

Is it easy for someone with bad credit to rent an apartment?

• Yes
• No

There are various methods in which to pay for your purchases. Paul used a type of card to pay for his purchase that withdraws money immediately from his checking account. What is this type of payment card called?

• credit card
• debit card
• 401 card
• savings plus card

Noah keeps track of his checking account balance by writing down all his purchases and deposits. The list below shows his transactions for a week.
- June 3rd, used debit card at coffee shop, $5.85
- June 4th, deposit of $20.00
- June 6th, used debit card for movie tickets, $9.75
- June 6th, used debit card for popcorn and snacks, $10.50
- June 8th, deposit, $115.34
What is the difference between the amount of money Noah spent and the amount of money Noah deposited?

• $109.24
• $203.34
• $150.24
• $254.05

Tags

CCSS.7.NS.A.3

A card that a bank or company issues and has a limit of how much you can spend. The bank or company loans you the money but expects you to pay it back.

• debit card
• check
• credit card
• electronic payment

A summary of your credit history, your "trustworthiness" with borrowing money...

• Credit Card
• Government Report
• Credit Score
• Budget Statement

Dana wants to rent an apartment close to where she works. Which of the following item on her credit report may keep her from renting her apartment?

• Social Security Number

• Current Address

• Late Loan Payment

• Place of Employment

Which of the following will give a negative credit history?

• making late payments
• limiting the amount of accounts
• limiting the amount of credit inquiries
• none of the above

Which of the following would be a reason to have a good credit history?

• buying weekly groceries
• applying for a library card
• purchasing a car
• buying  a birthday gift for a friend

Which of these describes information that can appear in a consumer’s credit report?

• The name of a store where the consumer pays cash for all purchases
• The name of a company that gave the consumer a car loan two years ago
• The amount of money the consumer will need to borrow in the next five years
• The amount of money that the consumer loaned to a family member

Dylan is recording transactions in his checkbook register. Which of the following transactions is considered a deposit?

• Dylan stopped by the ATM machine to take some money out of his account.
• Dylan has money transferred into his account automatically by his employer.
• Dylan paid his cell phone bill by writing a check.
• Dylan purchased some new shoes using his debit card and PIN.

Tags

CCSS.6.NS.C.5