Personal Financial Literacy

Which statement is best supported by information in the table.

• The fee at Bank Y will always be less than the fee at Bank Z.

• The fee at Bank Y will always be more than the fee at Bank Z.

• The fee at Bank Y will be more than the fee at Bank Z only when a customer's balance is more than $500.

• The fee at Bank Y will be more than the fee at Bank Z only when the checking account balance is less than $500.

Mr. Lloyd wants to buy a new television, but he does not have enough money in his bank account to pay for one. Which of these is NOT an option for Mr. Lloyd?

• He can use his credit card to buy the television now.

• He can save money and pay cash for the television at a later date.

• He can use his debit card to buy the television now.

• He can save money and use his debit card to buy the television at a later date.

Which statement best describes purchases made with a debit card?

• Purchases made with a debit card are subject to interest.

• Purchases made with this card can be paid over time.

• Purchases made with this care are withdrawn directly from a bank account.

• Purchases made with this card are subject to a credit limit.

Based on the transactions in Nina's check register, what is the balance in dollars and cents in her checking account at the end of the day on April 23rd?

• $ 414.75

• $ 429.75

• $ 15.00

• $ 87.5

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CCSS.7.NS.A.3

Based on the information in the check register, what is the balance in Ms. Gracie's check register after the ATM transaction on October 11?

• $ 1,505

• $ 3,600

• $ 5,105

• $ 2,095

Consumers sometimes make choices that cause negative information to be put on their credit reports. Which of these is most likely number of years that this negative information will remain on credit reports?

• 3-6 years

• 7-10 years

• 11-14 years

• 15-18 years

Which of these describes information that can appear in a consumer's credit report?

• The name of a store where the consumer pays cash for all purchases.

• The name of a company that gave the consumer a car loan two years ago.

• The amount of money the consumer will need to borrow in the next five years.

• The amount of money that the consumer loaned to a family member.

• $ 402,500

• $ 126,770

• $ 11,500

• $ 4,434,500

• $ 6,816

• $ 74,724

• $ 747,240

• $ 69,160

• $ 174,930

• $ 17,493

• $ 126,307

• $ 1,263,070