Financial Literacy

A card that can be used to borrow money from financial institutions is a

• debit card

• credit card

• check card

• cash card

A bank card linked to an individual’s checking account is a

• debit card

• credit card

• check card

• electronic card

Tom's net income was $400.  His gross income was $440.  How much was taken out for deductions?

• $840
• $40
• $98
• $4

Tags

CCSS.7.NS.A.3

Money that you make is called...

• income
• variable expense
• propery taxes
• fixed expense

Scout earned $280.00 mowing lawns.  Her profit was $250.00.  How much were her expenses?

• $50.00
• $530.00
• $30.00
• $40.00

Tags

CCSS.7.NS.A.3

When you take the amount of money earned and subtract your expenses you are finding the...

• fixed income
• profit
• savings
• taxes

Tags

CCSS.7.EE.B.3

What month is Financial Literacy Month?

• January

• December

• April

• March

True or False

Always know your current bank account balance and available funds.

• True

• False

True or False

Prepaid cards are not a great way to help young people gain experience budgeting, using ATMs and making purchases.

• True

• False

Which of the following is NOT a category of financial literacy?

• Spending and Saving

• Credit and Debt

• Decision Making

• Computer skills