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Unit 11: Financial Literacy

Authored by DeAnna Rea

Mathematics

6th Grade

CCSS covered

Used 3+ times

Unit 11: Financial Literacy
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13 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Why is it important to have a positive credit history?

It can earn you a higher interest rate on a loan.

It will affect your ability to buy a house or car.

It will allow you to be able to skip payments on your credit card.

It will allow you to pay just interest and not principal amount on a loan.

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How can you establish a positive credit history?

Paying your bills on time

Buying stuff with cash only

Paying less than the minimum payment

Maxing out your credit card

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a student loan?

A college savings account

A loan you have to pay back with interest.

Money awarded to a student that they don't have to pay back.

A bank account

Tags

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.4.5

CCSS.RI.7.5

CCSS.RI.8.5

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Credit Card is

a card that allows you to pay the balance over a period of time, subject to interest

a card that immediately deducts funds from your checking account

Tags

CCSS.6.NS.C.5

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Debit Card is

a card that allows you to pay the balance over a period of time, subject to interest

a card that immediately deducts funds from your checking account

Tags

CCSS.6.NS.C.5

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a transfer?

an addition of money into a bank account

moving money from one account to another

the removal of money from a bank account

Tags

CCSS.7.NS.A.1A

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a deposit?

an addition of money into a bank account

moving money from one account to another

the removal of money from a bank account

Tags

CCSS.6.NS.C.7C

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