STAAR Review Financial Literacy

It’s time for Ben to get the oil changed in his car. He swipes his card, and the payment for the oil change shows up on his monthly bill for the card

• Cash
• Debit Card
• Credit Card
• Check

Tags

CCSS.RI.5.8

CCSS.RI.6.1

CCSS.RI.6.8

CCSS.RL.6.1

CCSS.RL.7.1

Uses money you have in the bank.

• Cash
• Debit Card
• Credit Card
• Check

Requires a PIN.

• Cash
• Debit Card
• Credit Card
• Check

Can charge interest, late fees, and/or annual fees.

• Cash
• Debit Card
• Credit Card
• Check

Tags

CCSS.HSA.CED.A.3

CCSS.HSA.APR.D.6

CCSS.HSA.APR.D.7

CCSS.HSA.SSE.A.1

Charges an overdraft fee if you try to spend more than you have.

• Cash
• Debit Card
• Credit Card
• Check

Tags

CCSS.HSA.CED.A.3

Which of the following will make it less likely for you to be approved for a car loan?

• having a steady job

• late credit card payments

• a high credit score

• having a low debt-to-income ratio

The cost for Dan's college next year is $20,000. He took out a loan for $6,000 and received a scholarship for $2,500. How much will still be left to pay?

• $11,500

• $12,500

• $11,000

• $16,500

Tags

CCSS.4.OA.A.3

Will losing your job have a positive or negative effect on your credit score?

• positive

• negative

Besides tuition, most colleges also charge their students for:

• Room and Board
• Extra Fees
• Textbooks
• All of the Above

Tags

CCSS.RI.4.5

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

How long does a negative action stay on your credit report?

• 3 months

• 3 years

• 7 months

• 7 years