Financial Literacy

A plastic payment card linked to a financial account and is used for transactions.

• Debit Card
• Credit Card
• Checking Account
• Savings Account

Tags

CCSS.7.NS.A.3

CCSS.7.RP.A.3

Sawyer is selling bracelets.  She pays $2.00 for the beads and $2.50 for the string.  She sells 10 bracelets for $1.00 each.  How much are her expenses?

• $2.00
• $2.50
• $4.50
• $5.50

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

Money spent is called...

• income
• net gain
• expense

What is paying for something with money that you borrow and must pay back, usually with interest? 

• Income
• Credit
• Interest 
• Lend 

When you owe money it is called: 

• Expenses
• Debt
• Assets
• Liabilities

If the card is lost or stolen, report it immediately. What type of card is this?

• Credit Card

• Debit Card

• Credit Card & Debit Card

Money is withdrawn directly from a checking or savings account.

• Debit Card

• Credit Card

• Both

Tags

CCSS.6.NS.C.5

Each purchase is a loan that is repaid later.

• Debit Card

• Credit Card

• Both

Tags

CCSS.HSA.SSE.B.4

Consumers can purchase items now and pay for them later.

• Debit Card

• Credit Card

• Both

One of the reasons persons like to use cheques is that

• It is very cumbersome to carry around

• It is easy to carry around

• The paper can tear easily

• It gives you cash on the spot