Financial Literacy

Which of the following would not be found on a consumer's credit report?

• Mortgage loan

• Checking account balance

• A student loan

• How long the consumer has had the credit card

Sandra is planning to attend a state university and qualifies for financial aid. Which of the sets below can Sandra apply for solely based on her financial need?

• scholarship, grant, student loan

• work-study, student loan, grant

• grant, work-study

• student loan, work-study

Mr. Irons is planning to take out a loan to buy a car. At the car dealership he must sign a statement giving permission to check his credit report. Which statement best describes why the car dealership wants to check his credit?

• To determine if Mr. Irons is a safe driver

• To decide how much money Mr. Irons earns

• To determine if Mr. Irons can afford the car

• To determine the likelihood of Mr. Irons paying back the loan on the car.

Mr. Hernandez is searching for a new checking account. He compares the fees associated with two different banks in his town. Which of the following statements best supports the information?

• Mr.Hernandez should choose Star Bank because it has no fees.

• Mr. Hernandez should choose First Bank because the fees are the same.

• Mr. Hernandez should choose Star Bank if he normally has $800 in his bank account

• Mr. Hernandez should choose First Bank because the fee is just $10.

Tags

CCSS.8.F.A.2

CCSS.HSF.IF.C.9

Joley is opening her first checking account as a teenager. She doesn’t have a job, so most of the income will be presents from birthdays and holidays. Bank A has an $8 monthly charge. Bank B charges 1% of the balance. Which account balance below will result in bank A being a better financial choice?

• $750

• $850

• $650

• $550

Tags

CCSS.7.RP.A.3

Mrs. Wright has organized the features of a credit and a debit card into a table below. Which description is the best representation for the missing detail?

• purchases are unlimited in funds

• purchases are charged a fee at the time of transaction

• purchases must in a one-time payment

• purchases are subject to a credit limit

The average salaries of three different industries are shown below. Based on the information, how much more will someone in the technology industry make than someone in the financial industry over a period of 10 years?

• $19,118

• $405,900

• $191,180

• $214,720

Tags

CCSS.7.EE.B.3

At a career fair various positions were being advertised with their average annual salary. Over a 30 year career, how much more will the electrical engineer make than the electrician?

• $1,302,000

• $1,582,800

• $282,300

• $638,450

Tags

CCSS.7.EE.B.3

Based on the transactions, what was the balance in Marty’s account after he paid the veterinarian on 4/12?

• $780

• $690

• $340

• $430

Tags

CCSS.7.NS.A.3

Marty forgot to record his paycheck on 4/16. If the balance is $820.00, then how much did he deposit for his paycheck?

• $480

• $1,160

• $1,380

• $260

Tags

CCSS.7.NS.A.3