Financial Literacy

Which statement below accurately describes credit cards and debit cards?

• Debit cards and credit cards both come directly out of your checking account.

• Debit cards and credit cards allow you to buy now and pay later.

• Debit cards and credit cards require a PIN number.

• Debit cards are credit cards are accepted at most places and are safer and easier to pay with than cash.

What is Tripp's ending balance on November 16th? (Click on the picture to zoom)

(a)  

Tags

CCSS.7.NS.A.3

Many payment options are available to help with the cost of a college education. A payment option that allows you to work on campus at your college and earn money is called what type of payment option?

• Scholarship

• Loan

• Grant

• Work-study

Tags

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.5.3

CCSS.RI.6.3

CCSS.RI.7.3

Mrs. Jenkins has earned $2,241,400 during a 20-year period. What could be her average yearly salary and and profession?

• Web Developer: average yearly salary $75,390

• Pharmacist: average yearly salary $112,070

• Manager: average yearly salary $53,500

• Dermatologist: average yearly salary $184,600

Tags

CCSS.3.OA.D.9

Which statement best describes purchases made with a debit card?

• Purchases made with this card are subject to interest.

• Purchases made with this card can be paid over time.

• Purchases made from this card are withdrawn directly from a bank account.

• Purchases made with this card are subject to a credit limit.

The list below shows odd jobs that Michael has completed and the amount of money he earned for the job.

Yard work $25.00

Babysitting $33.50

Grade money $20.00

House cleaning $65.00

How much more money does Michael need to earn to make at least $300.00 if he spent $16.75 at the movies and $55.20 on a new game?

• $71.55

• $240.60

• $228.45

• $143.50

Tags

CCSS.7.EE.B.3

Amelia is attending college. She received money based on her financial need that she does not have to pay back. What is this type of money for college called?

• loan

• grant

• work-study program

• college savings plan

Tags

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.4.5

CCSS.RI.7.5

CCSS.RI.8.5

Which type of degree takes about 4 years to earn attending college full time and is required for professions such as teachers, nurses, and hospital administrators?

• Doctorate or Professional Degree

• Associate's Degree

• Master's Degree

• Bachelor's Degree

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

Based on the average annual salaries in the table, how much more would an accountant earn than a tax preparer over a 30-year career?

• $112,740

• $3,382,200

• $880,200

• $1,251,000

Tags

CCSS.8.EE.C.7B

There are various methods in which to pay for your purchases. Paul used a type of card to pay for his purchase that withdraws money immediately from his checking account. What is this type of payment card called?

• credit card

• debit card

• 401 card

• savings plus card