Personal Financial Literacy Part 1

Each month, Alice's bank charges an $8 fee to have a debit card. The bank also charges her $0.12 for each check she writes. In an average month, she writes 12 checks. If she transfers her account to a different bank that offers free debit cards and unlimited checks, how much money would she save in a typical month?

• $8

• $1.44

• $8.44

• $9.44

Tags

CCSS.7.EE.B.3

Leann’s bank charges $1.75 per month to use her debit card. The bank also charges $3 for withdrawals from an ATM machine that is not her bank’s ATM. Last month she paid her bank $13.75 in debit card and ATM fees. How many withdrawals did she make at an ATM machine not associated with her bank?

• 2

• 4

• 5

• 3

Tags

CCSS.7.EE.B.4A

Which situation describes the use of a debit card?

• You pay for your groceries and the cashier gives you change.

• You pay for your groceries with a plastic card. You will receive the bill for the groceries at the end of the month.

• You pay for your groceries and you enter the amount into your check register.

• You pay for your groceries using a plastic card. You enter a PIN.

• $5,367

• $5,772

• $4,968

• $800

Tags

CCSS.6.NS.C.7C

Which action will help a person establish a positive credit history?

• borrowing more money than can be repaid

• buy a house, boat, and car all in the same month

• make payments late on a regular basis

• pay bills on time

Kaley is planning on attending college when she graduates. She is working part-time for her aunt at her bakery. She saves 65% of her earnings for a college fund. If she earns $400 a month, how much will she save in 12 months?

• $4,800

• $3,120

• $3,220

• $260

Tags

CCSS.6.RP.A.3C

• $371,000

• $271,000

• $135,500

• $13,550

Tags

CCSS.6.NS.B.3

Leeza is choosing a bank from the two banks below. She writes 5 checks. She does use the ATM about 2 times a month and her debit card about 20 times a month. What will her monthly fees be at Cross Bank?

• $13.25

• $12.50

• $30

• $9

Tags

CCSS.6.EE.B.6

Leeza is choosing a bank from the two banks below. She writes 5 checks. She does use the ATM about 2 times a month and her debit card about 20 times a month. How much will her monthly fees be at Town Bank?

• $10.20

• $9.20

• $11

• $14.20

Tags

CCSS.6.EE.B.6

Which situation describes the use of a credit card?

• A PIN number was used when a purchase was made.

• After paying for a purchase, the buyer recorded the amount in his check register.

• The buyer will pay for the purchase at the end of the month.

• After making a purchase, the amount is immediately removed from your checking account.