Financial Literacy Final Exam Review

True or False: A credit score is a number that summarizes your credit history.

• True

• False

Inflation is when prices on goods ___________ while the value of money _____________.

Tags

CCSS.RI.3.3

CCSS.RI.4.3

CCSS.RI.5.3

CCSS.RI.6.3

CCSS.RI.7.3

Credit is...

• A log or summary of purchases you have made.

• The ability of a customer to obtain goods and services before payment, based on the trust that the purchaser will make payments on the item.

• A bank account which earns interest that is used to set money aside.

• A payment card that deducts money directly from a consumers checking account.

________ is a percentage of money you pay monthly on top of what you spend on a good/service for the use of money loaned by a bank.

Tags

CCSS.7.RP.A.3

A _______ Card is a form of payment where the money is deducted right from the consumers checking account.

Tags

CCSS.RI.1.3

CCSS.RI.1.5

CCSS.RI.2.5

CCSS.RI.K.3

CCSS.RI.K.5

This money tracking tool is called a ________.

• Savings Account

• Bank Statement

• Activity Log

• Check Register

A loan is...

• borrowing a sum of money that is expected to be paid back with interest.

• A number that summarizes your credit history.

• A card that can be used to make purchases with money that you do not yet have.

• Money paid monthly at a particular rate for the use of money loaned by the bank.

A ________ _________ is a bank account where you can put money aside. It will also earn you interest.

A bank Statement is...

• What you proclaim when you need to file for bankruptcy.

• A number that summarizes your credit history.

• A printed record of deposits and withdrawals from your banking account

• A log or summary that you keep yourself in order to track spending and deposits.

What is the check missing?

• What the check is for.

• Who the check is going to.

• The date

• The signature