Financial Literacy

Anna would like to purchase a new mountain bike that costs $600. She only has $300 in her checking account now. Which of the following statements is true?

• She can use her debit card to pay for the bike and pay off the debit card over time.

• She can save up the remainder of the balance and then pay with a credit card.

• She can use her debit card to pay for the bike directly from her bank account.

• She can use her credit card to buy the bike now and pay it off over a period of time.

Tags

CCSS.8.NS.A.2

Kane is comparing two different regional banks. Which of the following statements is true?

*First Texas Bank charges a $7 monthly fee

*Republic of Texas Bank charges 1% of the checking account balance

• First Texas Bank will always be the best value.

• Republic of Texas Bank will always be the best value.

• If Kane typically has more than $700 in his checking account, then First Texas Bank is the best value.

• If Kane typically has less than $700 in his checking account, then First Texas Bank is the best value.

Tags

CCSS.8.F.A.2

CCSS.HSF.IF.C.9

A vocational school offers different tracks for different types of mechanics. Over a 20-year career, how much more will the aircraft mechanic make than the automotive mechanic?

• $654,000

• $436,000

• $21,800

• $545,000

Tags

CCSS.7.EE.B.3

Which of the following would be found on a consumer's credit report?

• A savings account balance

• Whether or not the consumer has made any late payments

• The number of children the consumer has

• Whether of not the consumer is approved for a loan

Jose is looking for a job that he can support himself with while taking part-time college classes. How much more will he earn as a veterinary tech than a barista for the four years he is in school?

• $41,040

• $10,260

• $12,860

• $51,440

Which of the following situations does NOT describe the use of a debit card?

• Margie purchases a coffee in the drive-thru. She swipes her card and the funds are immediately withdrawn from her account.

• Ralph purchases a book at the bookstore. He types in a secure code at checkout.

• Finley purchases a present by swiping her card. She doesn't have the money for the present now, but she will before the bill is due.

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 2% of the balance. Which account below will result in Bank B being a better financial choice?

• $300

• $450

• $800

• $900

Tags

CCSS.6.RP.A.3B

Ms. Brentfield is planning to take out a loan to buy a home. When applying she must sign a statement giving permission to check her credit report. Which statement best describes why the mortgage company is requesting to check her credit?

• To determine if Ms. Brentfield will take good care of her home

• To decide how much money Ms. Brentfield earns

• To determine if Ms. Brentield can afford the home

• To determine the likelihood of Ms. Brentfield paying back the loan

Based on the transactions, what was the balance in Fiona's account after she deposited her birthday gift on 6/4?

• $780

• $690

• $340

• $430

Tags

CCSS.7.NS.A.3

Fiona forgot to record the cost of the dry cleaners of 6/7. How much did she spend at the dry cleaner?

• $16.75

• $15.75

• $763.25

• $30.50

Tags

CCSS.7.NS.A.3