Financial Literacy Review

What is a debit card?

• it's like a check but comes out of your account automaically  
• It's more convient than a check
• Your use your PIN number to make purchases 
• all of the above 

Missed payments mean extra fees when using this card.

• Debit

• Credit

The money for your purchase is a loan that must be paid back.

• Debit

• Credit

Martha is an accountant and makes $67,000 per year. Her friend, Henry, is an auto mechanic and makes $37,000 per year. How much more will Martha make over the next 10 years than Harry?

• $300,000

• $104,000

• $670,000

• $633,000

Tags

CCSS.4.OA.A.3

(6.14E) How long will a negative credit action usually remain on a credit report?

• 4 years

• 7 years

• 30 years

• 15 years

money subtracted from an account

• withdrawal
• deposit
• transfer
• balance

Tags

CCSS.5.NBT.B.7

must have a PIN to take out money

• debit card
• credit card

Late payments are retained on credit reports for 7 years.

• True
• False

Your credit score is not configured off of which of the following:

• Payment history

• Amount of money owed

• Grades in School

• Length of credit history

To build a positive credit history, I should pay cash for all purchases.

• True

• False

Tags

CCSS.RL.11-12.6