Financial Literacy

True or False: Negative information stays on your credit report for 7-10 years.

• True

• False

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

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

Tags

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

Which bank is better for me? I pay for lunch 20 times a month with my debit card. I do not write checks or use the ATM.

• State Bank
• Bank of Texas

Tags

CCSS.6.RP.A.3B

What is credit?

• Money allocated to a specific account for future use by the consumer without borrowing
• Goods, services, or money received in exchange for a promise to pay a definite sum of money at a future date
• The ability and willingness of an individual to pay back a loan as perceived by the lender
• An individual’s character, capital, capacity, collateral and conditions

What is the starting balance on this check register?

• 4720.33
• 4500.00
• 4500.75
• 4320.00

Tags

CCSS.7.NS.A.3

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

• 4720.33
• 4320.03
• 5091.15
• 4500.75

Tags

CCSS.7.NS.A.3

Besides tuition, most colleges also charge their students for...

• room & board
• extra fees
• books
• all of the above

Tags

CCSS.6.RP.A.3B

Scholarships and grants are available for many college students, and they...

• have deferred payment
• give students a job to help pay
• don't have to be paid back
• have a low interest rate

What degree provides the highest earning potential in pay?

• High School Diploma

• Associate's Degree

• Undergraduate Degree

• Master's Degree