Money Management Pre-Check

Money is withdrawn directly from a checking or savings account. What type of card is this?

• Credit Card

• Debit Card

• Credit Card & Debit Card

Consumers can purchase items now and pay for them later. What type of card is this?

• Credit Card

• Debit Card

• Credit Card & Debit Card

Each purchase is a loan that is repaid later. What type of card is this?

• Credit Card

• Debit Card

• Credit Card & Debit Card

Tags

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

Hefty fees may be charged if you spend more than what is in the account. What type of card is this?

• Credit Card

• Debit Card

• Credit Card & Debit Card

Tags

CCSS.RL.5.3

CCSS.RL.6.3

CCSS.RL.7.3

CCSS.RL.8.3

CCSS.RL.9-10.3

What is income?

• Money earned by a worker in a year

• Money spent

• Money set aside for future use

• Using money in hopes of gaining more in the future

What is saving?

• Amont of money used for purchasing items

• Setting aside money for future use

• Amount of money a worker earns

• Amount of money spent in a day

Every month after my parents pay all of the family’s bills they set aside a little bit of money for the family to do fun things like go to the movies, bowling and even go to amusement parks.
My family uses a _____________

• income 
• debt 
• interest 
• budget 

Tags

CCSS.L.6.6

CCSS.L.7.6

CCSS.L.8.6

CCSS.W.6.2D

CCSS.W.7.2D

I have been setting aside $100 a month for my children to have money to go to college. This idea is known as what? 

• savings 
• credit 
• income 
• debt 

My cousin wanted to borrow $300 from me. I loaned him the money but I told him that he would have to pay me back $330. The money that was paid back to me on top of the loan is known as_________. 

• credit 
• interest 
• savings 
• debt 

Tags

CCSS.7.RP.A.3

Joey was approved for a credit card and soon spent over $2000. What is the money owed called?

• Debit

• Savings

• Debt

• Bankruptcy