Financial Literacy Quiz

Interest can be defined as:

• a charge for lending money
• the amount owed for borrowing money
• the amount added into your savings account when opening a bank account
• a charge for convenience of accessing money in your bank

Discount is ____________ from the price.

• added
• divided
• subtracted
• divided

Tags

CCSS.6.RP.A.3C

A plan to help you reach financial goals, save money?

• Bills
• Interest
• Budget

What is the current amount of money in your bank account called?

• balance
• debt
• withdrawl
• payment

Tags

CCSS.6.NS.C.5

What is the starting balance on this check register?

• 4720.33
• 4500.00
• 4500.75
• 4320.00

Tags

CCSS.7.NS.A.3

Money that is earned through a job.

• Interest
• Income
• Expense

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

To put money into an account.

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

Tags

CCSS.L.8.5A

An example of a financial institution is:

• A department store

• A bank

• A school

• An ATM machine

A debit card allows for an immediate electronic transfer of money from a cardholder's savings or checking account.

• True

• False

A debit card is handy in an emergency when you don't have the money to spend.

• True

• False

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4