Financial Literacy

True or False: Negative information stays on your credit report for 7-10 years.

• True
• False

A plastic payment card linked to a financial account and is used for transactions.

• Debit Card
• Credit Card
• Checking Account
• Savings Account

Tags

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

The actions of depositing and withdrawing money.

• Microtransactions
• Saving Money
• Transactions
• Shoe Laces

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

To put money into an account.

• Deposit
• Withdraw
• Savings for a chicken
• Interest for a cow

Tags

CCSS.L.8.5A

What is credit?

• Money allocated to a specific account for future use by the consumer without borrowing
• Goods, services, or money received in exchange for a promise to pay a definite sum of money at a future date
• The ability and willingness of an individual to pay back a loan as perceived by the lender
• An individual’s character, capital, capacity, collateral and conditions

Amount charged if your payment is received after the billing date

• late payment fee
• overdue fee
• withdrawal fee
• loser fee

Tags

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Your credit score is not configured off of which of the following:

• Payment history
• Amount owed
• GPA
• Length of credit history

What is the starting balance on this check register?

• 4720.33
• 4500.00
• 4500.75
• 4320.00

Tags

CCSS.7.NS.A.3

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

Scholarships and grants are available for many college students, and they...

• have deferred payment
• give students a job to help pay
• don't have to be paid back
• have a low interest rate