Financial Literacy

The table shows the monthly fees for the checking accounts at two banks.

Which statement is best supported by the information in the table?

• The fee at Bank Y will always be less than the fee at Bank Z.

• The fee at Bank Y will always be less than the fee at Bank Z.

• The fee at Bank Y will be more than the fee at Bank Z only when a customer’s balance is more than $500.

• The fee at Bank Y will be more than the fee at Bank Z only when the checking account balance is less than $500.

Tags

CCSS.8.F.A.2

CCSS.HSF.IF.C.9

Mr. Lloyd wants to buy a new television, but he does not have enough money in his bank account to pay for one. Which of these is NOT an option for Mr. Lloyd?

• He can use his credit card to buy the television now.

• He can save money and pay cash for the television at a later date.

• He can use his debit card to buy the television now.

• He can save money and use his debit card to buy the television at a later date.

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 check register after the ATM transaction on October 11?

• $5,105

• $2,095

• $3,600

• $1,505

Tags

CCSS.7.NS.A.3

Before Nina bought groceries on April 22, she had a balance of $487.25 in her checking account. Nina wrote her transactions in her check register. She included all her transactions through the end of the day on April 23.

• $429.75

• $547.75

• $574.75

• $399.75

Tags

CCSS.7.NS.A.3

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• Purchases made with this card are withdrawn directly from a bank account.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

Tags

CCSS.RI.5.2

CCSS.RI.6.2

CCSS.RI.7.2

CCSS.RL.6.1

CCSS.RL.6.2

Which of the following is a reason to establish a good credit score?

• It helps you get a loan.

• It helps you get a better interest rates on loans.

• It helps the borrower determine if a loan will be approved.

• All of the above.

The table shows the average annual salary for four jobs.

Based on this information, how much more will an elevator technician make than a librarian over 10 years?

• $174,930

• $126,307

• $17,493

• $1,263,070

Tags

CCSS.7.EE.B.3

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?

• $112,740

• $3,382,200

• $880,200

• $1,251,000

Tags

CCSS.7.EE.B.3

What mathematical operation is used in a check register when a withdrawal is made?

• addition

• subtraction

• multiplication

• division

Tags

CCSS.5.NBT.B.7

#3) Use your knowledge of debit cards and credit cards to complete the table below.

a

b

c

d

e

f

g

h

No

$50 plus interest

$ in checking account

immediately

at a later date

Yes

the credit limit

$50