Financial Literacy 6th grade

Which action will RAISE your credit score?

• Paying bills late.

• Acquiring lots of loans.

• Borrowing more money than you can repay.

• Paying bills on time.

Which person is most likely to be offered a loan, if the decision was solely based on their credit scores?

• M. Spiller
• B. Murphy
• S. Thorne
• W. Myers

Tags

CCSS.4.NBT.A.2

Katie wants to purchase a camera that costs $149.99.  She has $435.00 in her checking account.  Which statement is true if Katie uses a debit card to pay for the membership?

• She will have to pay interest on the amount she borrows.
• She will have to pay a penalty fee because she does not have enough money in her account.
• She will have to make payments on the amount she borrows.
• She will not have to pay a fee because she has enough money in her account.

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CCSS.6.RP.A.3D

If Frank uses online banking and averages 20 transactions a month, which bank should he choose?  Explain.

• First-Star; The average cost per month would be $6.75.
• First-Star; The average cost per month would be $10.99.
• Lane Avenue; The average cost per month would be $6.75.
• Lane Avenue; The average cost per month would be $1.25.

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CCSS.8.F.A.2

CCSS.HSF.IF.C.9

Determine the final balance of the account below.  The opening balance was $143.54.

• $163.30
• $161.30
• $162.30
• $160.30

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CCSS.7.NS.A.3

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

• Check
• Withdrawal
• Transfer
• Deposit

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CCSS.7.NS.A.1C

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

• True
• False

Donnie puts his payroll check into the bank. 

• Deposit 
• Withdrawal 

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CCSS.6.NS.B.3

Katie buys donuts for breakfast.

• Deposit
• Withdrawal

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CCSS.1.OA.A.1

Jasmine pays her rent on October 1st. 

• Deposit
• Withdrawal

Tags

CCSS.7.NS.A.1B