Financial Literacy Review

The Bureau of Labor and Statistics shows the 2016 median annual salary associated with each occupation. How much more will a paramedic make than a retail clerk over a period of 30 years?

• $980,100

• $687,000

• $9,770

• $293,100

The Bureau of Labor and Statistics shows the 2016 median annual salary associated with each occupation. How much more will a veterinarian make than a postal worker over a period of 10 years?

• $31,980

• $887,700

• $319,800

• $567,900

Use the information to compare First Texas Bank and Republic Bank. For which person would the suggestion of First Texas Bank be the best?

• Tamara typically has $900 in her bank account and doesn't write checks.

• Devon typically has $2,000 in his bank account and usually writes six checks per month.

The value of your checking account is the maximum you can spend when using a debit card.

• True

• False

You pay for an item immediately when you purchase the item with a credit card.

• True

• False

A debit card helps build credit history.

• True

• False

What is Chelsea's ending balance after entering each item in the register?

• 467.80

• 436.70

• 309.20

• 286.70

Read each of the statements below. Mark the statements that explain the benefit of having a good credit history.

• You will be able to continue to borrow money at lower interest rates.

• You never spend too much money.

• You will be a strong candidate for renting a home or an apartment.

• You will be a financially responsible.

Read each of the statements below. Mark the statements that can be found on a credit report.

• Accounts that are past due.

• The balances on any accounts in which you have borrowed money.

• The amount of money you owe a family member.

• An auto loan that was paid off 15 years ago.

Which of the following students below will qualify for a grant?

• Ruby only

• Ruby and Jack only

• All three

• Jack and Quinton only