6th grade personal financial literacy

(6.14E) How long will a negative credit action usually remain on a credit report?

• 4 years
• 7 years
• 10 years
• 15 years

Many payment options are available to help with the cost of a college education. A payment option that allows you to work on campus at your college and earn money is called what type of payment option?

• scholarship
• loan
• pell grant
• work-study program

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

There are options available to pay for college. A type of college payment option that you receive for maintaining excellent grades and performing well (merit) on standardized test is called what type of payment option?

• a work-study
• a scholarship
• a loan
• a savings plan

Attending college or vocational training beyond a high school degree offers what benefits?

• All people with college degrees or vocational training have jobs.
• Those with college degrees generally earn more money over their lifetime than those with only a high school diploma.
• Attending a vocational school or college will guarantee you find a job that you will love.
• People with college degrees or vocational training are happier people.

Sally goes to the bank. She puts her babysitting money in her account. Sally has made a

• Deposit

• Withdrawal

Tags

CCSS.2.MD.C.8

Katie goes to the bank. She takes money out of her account. Katie has made a

• Deposit

• Withdrawal

Tags

CCSS.4.MD.A.2

CCSS.4.OA.A.3

It requires a pin to withdraw cash from an ATM.

• Debit Card
• Credit Card
• both

You can be charged a late fee if the payment is not made within the due date.

• Credit card
• Debit card
• both

Tags

CCSS.7.RP.A.3

Ms. Vonn’s monthly budget is shown in the chart. She receives two paychecks per month. Ms. Vonn’s budget is balanced every month. How much is Ms. Vonn’s monthly car payment?

• $2,400

• $300

• $500

• $2,100

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3