Theme 6: Financial Literacy

The air conditioning unit in your home breaks and you need to pay for a new one.  Unfortunately, you do not have the money to pay for the full cost of the air conditioner right now but you need to replace the item immediately.  Which form of payment should you use to cover the cost?

• credit card

• debit card

Which type of bank account is designed to have money deposited and withdrawn regularly and typically does not earn interest?

• checking account

• savings account

True or False: A high credit score means a bank will be very willing to loan you money.

• true

• false

Which of the following are examples of job skills?  SELECT ALL THAT APPLY.

• good with technology

•  job location is close to home

• opportunity to get promoted (placed in a higher position with better pay)

• able to speak multiple languages

Which type of college degree takes the longest amount of time to achieve?

• Associate’s Degree

• Bachelor's Degree

• Master's Degree

• Doctorate/PhD

True or False: More education and/or training for a job usually results in more money or a higher salary for that job.

• True

• False

Which vocab word means "money that you spend?"

• Expense

• Revenue

• Profit

Which vocab word means "money paid per hour?"

• wage

• salary

• income

• budget

Which vocab word means "payment for a professional job; usually paid twice a month?"

• wage

• salary

• income

• budget

Which vocab word means "money that you get/earn?"

• wage

• salary

• income

• budget