Financial Literacy

Money is withdrawn directly from a checking or savings account.

• Debit Card
• Credit Card

A PIN (Personal Identification Number) is required to make a purchase.

• Debit Card
• Credit Card

Interest may be charged, but can be avoided by paying the entire balance each month.

• Debit Card
• Credit Card

If the card is lost or stolen, report immediately.

• Debit Card
• Credit Card
• Debit Card & Credit Card

Eric purchased a movie ticket with his card. This money will come out straight from his checking account.  What card did he use?

• Debit Card
• Credit Card

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

You can purchase an item now and pay for it later.

• Debit card
• Credit card
• Both

A credit report is a report showing a borrower's history of how well they paid their bills.

• True
• False

What is the starting balance on this check register?

• 4720.33
• 4500.00
• 4500.75
• 4320.00

What happened on 7/5?

• a paycheck was deposited
• check #164 was written
• nothing
• the balance went up

Shannon makes a deposit in her checking account. She has checks for $178.16 and $36.00. She gets back $20.00 in cash.
What is her total deposit?

• $214.16
• $198.16
• $194.16
• $234.16