Financial Literacy

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

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

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

Which of these options WILL NOT subtract money from an account?

• Check
• Withdrawal
• Transfer
• Deposit

Tags

CCSS.7.NS.A.1A

Using a credit card will take money out of your checking account.

• True
• False

What is a debit card?

• it's like a check but comes out of your account automaically  
• It's more convient than a check
• Your use your PIN number to make purchases 
• all of the above 

What is a deposit?

• Money put into an account.
• Money invested in the stock market.
• Money taken out of an account.

Money taken out of your checking account.

• withdrawal
• stop payment
• endorsement
• outstanding

Tags

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

A debit card allows you to make purchases and pay the money back at a later date

• True
• False

What was the balance of the account at the end of the day on 7/24?

• 4720.33
• 4320.03
• 5091.15
• 4500.75

Tags

CCSS.7.NS.A.3