Personal Financial Literacy

When a bank loans money to a person, the bank expects that person -

• to pay back some of the money if there is any left over

• to treat the money like a birthday gift or contest prize

• to pay back all of the money to the bank at a later date

• to spend the money on entertainment, vacations, and merriment

Malcolm will complete high school ten years from now. He can look for a job right after high school, or he can continue his education after high school in a college or technical school. If Malcolm decides to go to a college or technical school, he has a better chance of getting a job -

• that is challenging and pays well

• that is easy and pays less

• that is impossible to find

• that is confusing to others

Tags

CCSS.RI.4.1

CCSS.RI.5.1

CCSS.RI.6.1

CCSS.RL.4.1

CCSS.RL.5.1

Yi-Men earns $18 each time she makes and sells a cake. Each time Yi-Min is paid, she saves half of the money in a savings account at a local bank. She spends the other half of the money on books, magazines, and theater tickets. Yi-Min could best use the money she saves in the bank to -

• pay for better seats at the theater

• pay for better cake ingredients

• pay for a vacation

• pay for college after high school

Mr. Simpkins owns an engineering company that designs and builds bridges. He needs to hire a new employee that has strong math, science, and computer skills. Which statement is true?

• He will likely hire someone who left high school early because it was boring

• He will likely hire someone with a college degree

• He will likely high someone with experience playing video games

• He will likely hire someone who is good at arguing

Tags

CCSS.RI.4.1

CCSS.RI.5.1

CCSS.RL.4.1

CCSS.RL.5.1

CCSS.RL.6.1

During the spring, Beverly has to pay $3 for a pound of apples. During the autumn, she pays less that $1 for a pound of apples. Why does Beverly have to pay more for apples in the spring than autumn?

• Apples are used for baking pies in spring; they are eaten raw in autumn

• Apples are plentiful in autumn; they are scarce in spring

• Apples are eating raw in spring; they are used for baking pies in autumn

• Apples are scare in autumn; they are plentiful in spring

Tags

CCSS.RI.3.3

CCSS.RI.4.3

CCSS.RI.5.3

CCSS.RI.6.3

CCSS.RI.7.3

James's grandfather pays him $15 each week for completing several chores around the farm. When James gets his money each week, he should probably -

• ask his grandfather to pay him more

• do fewer chores and get less money

• spend all of the money before he loses it

• save some of the money in a bank

After Latoya completes high school, she may choose to attend a 4 year college or university. If she attends a college, she will increase her knowledge and skills. With more knowledge and skills, Latanya may have a better chance to get a job that -

• requires no work

• any child could do

• no one else would want to do

• pays her well

Tags

CCSS.RI.3.3

CCSS.RI.4.3

CCSS.RI.5.3

CCSS.RI.6.3

CCSS.RI.7.3

Ms. Jiang borrows $2,654 from a bank. The bank expects Ms. Jiang to

• pay back some, but not all, of the money

• keep the money and not pay it back

• pay back all of the money plus interest

• give the money to someone who needs it

Tags

CCSS.7.RP.A.3

Ms. Brown owns a buisness that builds complex computer systems for NASA. Her buisness is growing and she needs to hire a new employee to help her design a new computer system. She will likely hire a person that has a degree from a -

• cooking or culinary school

• middle or high school

• college or technical college

• music or theater arts school

Tags

CCSS.RI.4.1

CCSS.RI.5.1

CCSS.RI.6.1

CCSS.RL.4.1

CCSS.RL.5.1

In the year 1835, a freeze destroyed almost all of the orange trees in the state of Florida. Because oranges became scarce, the prices of oranges and orange juice in the state of Florida likely -

• were higher than they were in 1834

• were the same as they were in 1834

• were lower than they were in 1834

• were not reported in newspapers in 1834

Tags

CCSS.RI.4.1

CCSS.RI.5.1

CCSS.RI.6.1

CCSS.RL.4.1

CCSS.RL.5.1