Personal Financial Literacy Part 2

Randy estimates it will cost $11,000 for the tuition for his first year of college. He has a scholarship worth $1,000 and a grant for $2,000. His parents will pay the remaining tuition in 4 equal payments. How much will each payment be?

• $4,000

• $3,000

• $2,000

• $3,500

Tags

CCSS.4.OA.A.3

Sheila is searching career possibilities. She found that an actuary requires a bachelor’s degree in mathematics or statistics. The median salary is $94,740 a year in some parts of the country. She also found that a nurse practitioner requires a bachelor’s degree in nursing and a master’s or doctorate in nursing. The median salary is $89,960 a year. In 20 years, how much more would an actuary earn than a nurse practitioner?

• $1,894,800

• $95,600

• $4,780

• $1,799,200

Tags

CCSS.7.EE.B.3

Which statement describes the use of a debit card?

• Brenda paid the bill for her card with a check at the end of the month.

• Sandy transferred $65 from her checking to her savings account.

• Liza bought a new dress and paid for it using a plastic card with a PIN. The amount was deducted from her checking account the day of purchase.

• Jean bought a new coat and paid for it at the end of the month.

Richey had a checking account balance of $1,570 at the beginning of the month. He deposited $2,610 and had automatic deductions of $933, $564, and $75. He also wrote checks for $50, $200, and $175. What was his balance at the end of the month?

• $4,180

• $2,183

• $1,997

• Not Here

Tags

CCSS.4.OA.A.3

Which statement is true?

• The largest category that will affect a person’s credit rating will be their payment history.

• Having no payment history is a “good thing” when a credit score is calculated.

• One late payment will ruin your credit history.

• It is better to never use a credit card and just pay cash all the time.

Which of the following things affect your credit rating in a positive way?

• having a large debt

• having an employment record that shows you change jobs every 6 months

• have several different residental addresses over the past 2 years

• paying credit card bills, loan payments, and mortgage on time

Sheila estimates it will cost $11,500 for the tuition for her first year of college. She has a scholarship worth $750 and a grant for $3,000. She earns $50 a day working while attending college. How many days will she need to work to pay 20% of the remaining amount of her tuition?

• 25

• 31

• 42

• 50

Tags

CCSS.7.EE.B.4A

Leila is searching for jobs in her area. She found the median salary of an architect to be $49,900 and the median salary for a graphic designer to be $37,000. Over a 15-year career, how much more would she earn as an architect than as a graphic designer?

• $748,500

• $555,000

• $180,000

• $193,500

Tags

CCSS.7.EE.B.3

Which statement is true?

• When using a debit card, you will be charged a fee if you do not pay the full balance on time.

• When using a credit card, the amount is deducted from your checking account immediately.

• A debit card requires the use of a PIN number when used for payment of a purchase or for a cash withdrawal.

• A debit card has interest charged on any unpaid balances at the end of the month.

At the beginning of the month, Alice’s checking deposit balance was $650. During the month, she deposited $300 and withdrew $120 in cash. She transferred $125 to her savings account. She also wrote checks for $43 and $28. What was her balance at the end of the month?

• $644

• $674

• $634

• $534

Tags

CCSS.7.NS.A.3