Financial Literacy-6th

(6.14C)

• $175.25
• $25.25
• $632.65
• $482.65

Tags

CCSS.7.NS.A.3

(6.14H) Based on the following scenario, what is the difference in lifetime income over 30 years of employment for individuals with 2-year vocational training and graduate degrees?
2 year vocational training = $52,000 average annual salary
Post graduate degree = $76,000 average annual salary

• $720,000
• $7,200
• $7,200,000
• $72,000

Tags

CCSS.7.EE.B.3

(6.14B) Julio paid $35.92 for gasoline with his debit card. Which of the following is an accurate description of Julio's transaction?

• Julio's payment will affect his credit rating.
• Julio might be charged interest for his purchase.
• Julio's linked account will immediately have #35.92 removed.
• Julio will make payment for his purchase when he receives his monthly statement.

Tags

CCSS.5.NBT.B.7

(6.14D) Why is it important to establish positive credit history?

• Higher credit scores result in lower interest rates on loans.
• Positive credit history results in higher credit scores.
• You are more likely to be offered a loan by a bank.
• All of the above.

(6.14E) How long will a negative credit action usually remain on a credit report?

• 4 years
• 7 years
• 10 years
• 15 years

Tags

CCSS.6.NS.C.7C

_{(6.14A) Which of the following reasons for selecting a bank is valid?}

• Madison should select Bank B because the monthly fee is $3.00 lower than Bank A.
• Madison should select Bank A because her overall monthly cost will be $1.50 less than Bank B.
• Madison can select either bank because her monthly cost will be identical at both banks.
• Madison should not select Bank A because they charge $0.25 more per check transaction.

Tags

CCSS.8.F.A.2

CCSS.HSF.IF.C.9

(6.14F) Which of the following accurately describes one benefit gained by financial institutions from a credit report?

• Determines the grade of the lending institution.
• Increases the likelihood the lender can borrow money.
• Comparatively ranks lending institutions.
• Provides a detailed report of a borrower's financial history.

(6.14G) Which list contains methods to pay for college that do not require students to make payments back to lenders?

• student loans and work-study
• scholarships, student loans, and savings
• savings, scholarships, and grants
• grants, scholarships, and student loans

(6.14G) Jared's family has been saving $500 per month for his college education since Jared was born. How much money will Jared's family have saved up by the end of Jared's 18th year?

• $6,000
• $9,000
• $36,000
• $108,000

Tags

CCSS.7.EE.B.3

(6.14C) Carlos had an original balance of $418.77 in his checking account. He then wrote one check for $199.81. Which check amount below would cause an overdraft of his account after writing the check for $199.81?

• $199.81
• $218.96
• $209.91
• $219.75

Tags

CCSS.7.EE.B.3