Financial Literacy Practice

A plastic card that you use to access a line of pre-established credit is called:

• debit card
• credit card
• visa
• mastercard

The maximum amount you may borrow on a credit card is known as:

• creditworthiness
• credit report
• credit limit
• variable rate of credit

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

To build a good credit history, you should

• pay the minimum or more on your account each month
• pay on time or early
• be careful not to take on too much debt
• all of these

Tags

CCSS.RI.5.3

CCSS.RI.6.3

CCSS.RI.6.5

CCSS.RI.7.3

CCSS.RI.7.5

What should be written on line 2?

• the date
• the amount of the check
• who the check is going to
• your signature

Tags

CCSS.RI.5.3

CCSS.RI.5.5

CCSS.RI.6.3

CCSS.RI.6.5

CCSS.RI.7.5

What should be written on line 6?

• the date
• the amount of the check
• who the check is going to
• your signature

Tags

CCSS.RI.5.5

CCSS.RI.6.3

CCSS.RI.6.5

CCSS.RI.7.3

CCSS.RI.7.5

This card allows you to pay later.

• credit card
• debit card
• both
• none of these

Eric purchased a movie ticket with his card. This money will come out straight from his checking account.  What card did he use?

• Debit Card
• Credit Card

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

Hefty fees may be charged if you spend more than what is in the account.

• Debit Card
• Credit Card

A PIN (Personal Identification Number) is required to make a purchase.

• Debit Card
• Credit Card

What is it called when you move money from one bank to another?

• Withdrawal
• Transfer
• Deposit
• All of the above