Financial Literacy

What is a machine that allows bank customers to deposit or withdraw money without visiting their bank?

• ATM (automated teller machine)
• credit card
• safe deposit box
• coffee can under your bed

What is the current amount of money in your bank account called?

• balance
• debt
• withdrawl
• payment

What is money borrowed that must be repaid, usually with interest?

• loan
• check
• checking account
• savings account

Which of the following is NOT on a credit report?

• your social security number

• your full name

• your address

• your hobbies

How long does general negative credit activity stay on your credit report?

• 2 years

• 7 years

• 18 years

• forever

Why do you have a credit report?

• to show how financially responsible you are

• to decrease your tax rate

• to avoid an audit

• to increase your salary at work

Many times, when students borrow money for college, a low interest rate is applied when they pay it back. What is this money called?

• student loans

• work-study

• grants

• scholarships

Robert's job is to sit at the front desk of the college library three nights a week. His wages help pay for his college tuition. What is this called?

• student loan

• work-study

• grant

• scholarship

Tags

CCSS.RI.4.5

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

Which type of postsecondary degree takes about four years to earn attending college full time and is required for professions such as teachers, nurses, and hospital administrators?

• Doctoral or Professional Degree
• Associate's Degree
• Master's Degree
• Bachelor's Degree

There are various methods in which to pay for your purchases. Paul used a type of card to pay for his purchase that withdraws money immediately from his checking account. What is this type of payment card called?

• credit card
• debit card
• 401 card
• savings plus card