Financial Literacy

Electric Bill

• Fixed Expense

• Variable Expense

Car Insurance

• Fixed Expense

• Variable Expense

Eating out

• Fixed Expense

• Variable Expense

Going to the Movies

• Variable Expense

• Fixed Expense

Which situation shows a financial institution as a borrower?

• Abby uses a credit card to pay for an online purchase

• Kevin borrows money to pay for a course as a dental assistant

• Luis deposits his paycheck into a savings account

• Hailey takes out a loan to help her buy a house.

Which of the following is NOT a service a bank provides

• It makes loans to other customers.

• It provides credit cards for its customers

• Customers can deposit and withdraw money from their accounts

• Helps you loan money to your friends

Which is a good reason to use a Financial Institution?

• Putting your allowance in a safe place

• Lending your friend $5

• Borrowing money to buy a new toy

Jim gets a weekly allowance. He keeps $8 for spending money, saves $5 and gives $2 to charity. How much is Jim’s weekly allowance?

• $15
• $13
• $11
• $16

Lily gets $13 a week allowance. She saves $3, gives $2 a week to the soup kitchen, and divides the rest between spending money and dog treats. How much money does Lily spend each week on dog treats?

• $8
• $7
• $5
• $4

Which of the following will a bank provide?

• Keep your money safe
• Pay your bills
• Put money into your account
• Balance your checkbook