Balancing Check Register Quiz

Based on the information in the check register, what was the balance of Taquan's checking account in dollars and cents after the transaction on March 29?

Tags

CCSS.6.NS.C.7C

What is the ending balance?

Tags

CCSS.2.OA.A.1

Based on the information in the check register, what was the balance of Raldi's checking account after the transaction on April 13 in dollars and cents?

Tags

CCSS.6.NS.C.7C

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• Purchases made with this card are withdrawn directly from a bank account.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

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.

Which statement best does NOT describe purchases made with a credit card?

• Interest may be charged on purchases made with this card if the balance is not paid in full.

• Money for purchases made with this card is drawn directly from a bank account.

• Purchases made with this card do not have to be paid for immediately.

• Purchases made with this card are subject to a credit limit.

What is a disadvantage of using a credit card for purchases compared to a debit card?

• You can only spend up to a certain limit set by the bank.

• You have to pay the full amount used at the end of each month.

• Interest may be charged if the balance is not paid in full.

• The amount of purchase is directly taken from your bank account.

Which option is a benefit of saving money to pay cash for an item instead of using credit?

• You can earn interest on your savings while you wait to make the purchase.

• You can spend beyond your means without immediate consequences.

• You can take advantage of credit card rewards and cashback.

• You have to pay interest on the amount saved.

What is NOT a feature of a debit card?

• Money spent is immediately deducted from your bank account.

• You can incur overdraft fees if you spend more than your account balance.

• You can build your credit history by using it regularly.

• You can withdraw cash at ATMs.