STAAR TEKS 6.14 (Financial Literacy)

Which statement is true for a credit card but NOT true for a debit card?

• A cardholder must use a personal identification number (PIN) when making purchases.

• A cardholder will have money withdrawn from an associated checking account when making purchases.

• A cardholder will be charged interest on a purchase unless the balance on the card is paid in full at the end of the billing period.

• A cardholder can use an automated teller machine (ATM) to withdraw money.

The table shows the median annual salaries for two different jobs.

Based on the information in the table, how much more money would a marketing manager earn than a financial analyst over 10 years?

• $38,800

• $1,927,000

• $388,000

• $192,700

Tags

CCSS.6.EE.B.6

CCSS.6.EE.B.7

CCSS.6.NS.B.3

A portion of Taquan's check register is shown. Before Taquan made his utility payment on March 24, the balance of his account was $1,094.80.

Based on the information in the check register, what was the balance of Taquan's checking account in dollars and cents after the transaction on March 29?

Mathematical Equivalence

ON

Tags

CCSS.6.NS.B.3

CCSS.6.NS.C.5

Ms. Versini applied for a car loan from a bank.

Which statement best describes the importance of Ms. Versini's credit report to the bank?

• The report shows the likelihood that Ms. Versini will pay back the entire loan on time.

• The report shows the highest level of education that Ms. Versini has reached.

• The bank gives higher interest rates to people with higher credit scores.

• The bank gives partial loans to people with strong credit.

A portion of Raul's check register is shown. His checking account had a balance of $539.50 on April 2.

Based on the information in the check register, what was the balance of Raul's checking account after the transaction on April 13 in dollars and cents?

Mathematical Equivalence

ON

Tags

CCSS.6.NS.B.3

Riley received financial assistance to pay for his college education. After he graduates, he will have to pay back the amount of money he received plus and interest that accrues after graduation.

Which kind of financial assistance did Riley receive?

• Student loan

• Scholarship

• Work-study

• Savings plan

Which statement best describes purchases made with a debit card?

• Purchases made with this card are subject to interest.

• Purchases made with this card can be paid over time.

• Purchases made with this card are withdrawn directly from a bank account.

• Purchases made with this card are subject to a credit limit.

The check register shows the transactions in Ms. Garcia’s new checking account. She opened the account on October 3.

Based on the information in the check register, what is the balance in Ms. Garcia’s checkregister after the ATM transaction on October 11?​ (a)  

• $2,095
• $5,105
• $3,600
• $1,505

Tags

CCSS.6.NS.B.3

CCSS.6.NS.C.5

Which of these describes information that can appear in a consumer’s credit report?

• The name of a store where the consumer pays cash for all purchases

• The name of a company that gave the consumer a car loan two years ago

• The amount of money the consumer will need to borrow in the next five years

• The amount of money that the consumer loaned to a family member

The table shows the average annual salary in dollars based on the minimum level of education required for two occupations.

Based on the average annual salaries in the table, how much more would an accountant earn than a tax preparer over a 30-year career?​ ​ (a)  

• $880,200
• $112,740
• $3,382,200
• $1,251,000

Tags

CCSS.6.EE.A.2

CCSS.6.EE.B.5

CCSS.6.EE.B.6

CCSS.6.EE.B.7

CCSS.6.NS.B.3