Financial Literacy 2024

Debit cards are a convenient way to pay because you don’t have to carry cash or take time to write a check.

• True

• False

Tags

CCSS.7.NS.A.1D

A card that lets you use money from a checking account at a bank or credit union to pay for something is called ​ (a)  

• Debit Card
• Budget
• Teller
• Bills
• Credit Card
• Account
• Deposit
• Check

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

8. The check register shows the transaction in Mr. Gonzalez's new check account. She opened the account on November 5th.

Based on the information in the check register, what is the balance in Mr. Gonzalez's register after the ATM transaction in November 10th?

• $6,539.50

• $2,578.50

• $478.50

• $930.50

Tags

CCSS.7.NS.A.3

Scholarship

• Free money that is based on financial need

• Free money that is based on grades, athletics, extracurricular activities, etc.

• A job given to you by the university that helps you pay for college

• Money given to you by a bank that you have to pay back with interest

Work Study

• Free money that is based on financial need

• Free money that is based on grades, athletics, extracurricular activities, etc.

• A job given to you by the university that helps you pay for college

• Money given to you by a bank that you have to pay back with interest

Student Loan

• Free money that is based on financial need

• Free money that is based on grades, athletics, extracurricular activities, etc.

• A job given to you by the university that helps you pay for college

• Money given to you by a bank that you have to pay back with interest

A card that allows you to borrow money to buy something (up to a certain amount) and then pay it back later, plus interest, is called ​ ​ (a)  

• Credit Card
• Account
• Budget
• Check
• Debit Card
• Deposit
• Teller
• Bills

Match the following

Money drawn from your account (a)  

Money borrowed (b)  

Plastic card used to pay for purchases (c)   ​

• Debit
• Credit
• Both

Karla is researching ways to pay for her college education. Which of the following financial assistance programs will Karla have to pay back? Choose the three that apply.

• Bank loan

• Scholarship

• Subsidized Loan

• Grants

• Unsubsidized Federal Loan

Which of the following would be found on a consumer's credit report?

• Mortgage loan

• Checking account balance

• A student loan

• How long the consumer has had the credit card