14. Financial Literacy

Which action will raise your credit score?

• Paying bills late.
• Acquiring lots of loans.
• Borrowing more money than you can repay.
• Paying bills on time.

Which person is most likely to be offered a loan, if the decision was solely based on their credit scores?

• M. Spiller
• B. Murphy
• S. Thorne
• W. Myers

Tags

CCSS.4.NBT.A.2

Katie wants to purchase a camera that costs $149.99.  She has $435.00 in her checking account.  Which statement is true if Katie uses a debit card to pay for the membership?

• She will have to pay interest on the amount she borrows.
• She will have to pay a penalty fee because she does not have enough money in her account.
• She will have to make payments on the amount she borrows.
• She will not have to pay a fee because she has enough money in her account.

Tags

CCSS.7.EE.B.3

If Frank uses online banking and averages 20 transactions a month, which bank should he choose?  Explain.

• First-Star; The average cost per month would be $6.75.
• First-Star; The average cost per month would be $10.99.
• Lane Avenue; The average cost per month would be $6.75.
• Lane Avenue; The average cost per month would be $1.25.

Tags

CCSS.6.RP.A.3B

James's initial balance in his checking account was $800.  He withdrew $200 and then deposited $164.  James made another transaction that brings his balance to $750.  What was the transaction?

• a deposit $314
• a withdrawal of $14
• a withdrawal of $414
• a deposit of $50

Tags

CCSS.7.NS.A.3

Determine the final balance of the account below.  The opening balance was $143.54.

• $163.30
• $161.30
• $162.30
• $160.30

Tags

CCSS.7.NS.A.3

What is a similarity between debit and credit cards?

• Both are small and made of plastic.
• Both require you to use a PIN #
• Both are paid when the bill arrives.
• Both charge interest fees on unpaid balances.

Tags

CCSS.L.6.5B

CCSS.L.8.5B

CCSS.W.11-12.2D

Which of these options WILL NOT subtract money from an account?

• Check
• Withdrawal
• Transfer
• Deposit

Tags

CCSS.7.NS.A.1A

Using a credit card will take money out of your checking account.

• True
• False

How much will it cost Hannah to have a checking account with a debit card and online banking at Bank of Broadway for one year?

• $120.00

• $240.00

• $360.00

• $480.00

Tags

CCSS.7.EE.B.3