Financial literacy

A plastic payment card linked to a financial account and is used for transactions.

• Debit Card
• Credit Card
• Checking Account
• Savings Account

To put money into an account.

• Deposit
• Withdraw
• Savings for a chicken
• Interest for a cow

What is the starting balance on this check register?

• 4720.33
• 4500.00
• 4500.75
• 4320.00

What was the balance of the account at the end of the day on 7/24?

• 4720.33
• 4320.03
• 5091.15
• 4500.75

(6.14B) Julio paid $35.92 for gasoline with his debit card. Which of the following is an accurate description of Julio's transaction?

• Julio's payment will affect his credit rating.
• Julio might be charged interest for his purchase.
• Julio's linked account will immediately have #35.92 removed.
• Julio will make payment for his purchase when he receives his monthly statement.

Tags

CCSS.5.NBT.B.7

(6.14D) Why is it important to establish positive credit history?

• Higher credit scores result in lower interest rates on loans.
• Positive credit history results in higher credit scores.
• You are more likely to be offered a loan by a bank.
• All of the above.

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

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

Tags

CCSS.6.NS.C.7C

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

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

• Deposit

• Withdrawal

How many free credit reports is a person allowed in one year?

• 1
• 2
• Unlimited
• None