Financial Literacy - 4th Grade STAAR

Which of these statements describe the primary services of a bank?

• Statements II and IV only

• Statements I, II, and IV only

• Statement III only

• Statements I, II, and III only

Which statement best describes a primary service of a bank?

• Banks offer checking and savings accounts to their customers.

• Banks help customers decide which expenses to pay.

• Banks help customers meet their neighbors.

• Banks sell stamps and deliver mail.

You ___________ money when you make a withdraw.

• add

• subtract

• divide

• multiply

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4.10.E

Which of these services is not provided by a financial institution such as a bank or credit union?

• Informing customers of the amount of money in their accounts

• Informing customers of how the money in their accounts must be spent

• Providing cash when customers make withdrawals from their accounts

• Providing loans to customers that can be paid back over time with interest

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4.10.E

Which of these services is not provided by a financial institution such as a bank or credit union?

• Informing customers of the amount of money in their accounts

• Informing customers of how the money in their accounts must be spent

• Providing cash when customers make withdrawals from their accounts

• Providing loans to customers that can be paid back over time with interest

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4.10.E

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

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4.10.E

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.

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4.10.E

When you pay back a loan, you not only pay the amount you borrowed, you also pay it back with _____________

• Interest

• Deposit

• Withdrawal

• Checking

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4.10.E

Which of the following is NOT a good reason to use a financial insitution

• Borrowing money for college

• Placing your birthday money in an account

• Letting your friend borrow $10

• Taking out a loan to purchase a home

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4.10.E

A business that focuses on dealing with financial transactions such as investments, loans, and deposits, such as a bank or credit card company.

• profit

• financial institution

• income

• credit

Tags

4.10.E