Financial Literacy Unit Review

How much more will a paramedic make than a retail clerk over a period of 30 years?

Mathematical Equivalence

ON

How much more will a veterinarian make than a postal worker over a period of 10 years?

Mathematical Equivalence

ON

How much more will a television producer make than a postal worker over a period of 30 years?

Mathematical Equivalence

ON

Use the information below to compare First Texas Bank, Republic Bank and Lone Star Bank. Then, suggest a bank for each person below:

- Joanna typically has $600 in her bank account and usually writes three checks per month.

• Lone Star Bank

• First Texas Bank

• Republic Bank

Use the information below to compare First Texas Bank, Republic Bank and Lone Star Bank. Then, suggest a bank:

- Tamara typically has $900 in her bank account and doesn’t write checks.

• Lone Star Bank

• First Texas Bank

• Republic Bank

Use the information below to compare First Texas Bank, Republic Bank and Lone Star Bank. Then, suggest a bank:

- Reece typically has $250 in her bank account and usually writes one check per month

• Lone Star Bank

• First Texas Bank

• Republic Bank

Use the information below to compare First Texas Bank, Republic Bank and Lone Star Bank. Then, suggest a bank:

- Devon typically has $2,000 in his bank account and writes 6 checks per month.

• Lone Star Bank

• First Texas Bank

• Republic Bank

Use your knowledge of debit cards and credit cards to sort the table below:

Groups:

(a) Debit Card

,

(b) Credit Card

• you pay only the amount of the item

• the cost of the item plus interest if not paid off completely

• helps build credit history

• doesn't help build credit history

• immediately pay for it

• Pay over time

• amount in your checking account

• pay at a later date

• whatever your credit limit is

Felix is organizing the receipts and pay stubs from the past week. Use the details below to organize them into the check register.

- On 8/2, Chelsea’s account balance was $467.80

- On 8/6, Chelsea went grocery shopping at Kroger. She spent $95.20 in groceries.

- On 8/7, Chelsea paid her internet bill to Communications for $63.40.

- On 8/8, Chelsea went to TMC movies for $22.50.

- On 8/9, Chelsea received $150.00 for her birthday.

Put the end balances in order the earliest, to the latest

(as if you were putting it in the right hand column of the check register)

• $309.20

• $372.60

• $436.70

• $286.70

• $467.80

Felix is organizing the receipts and pay stubs from the past week. Use the details below to organize them into the check register.

- On 8/2, Chelsea’s account balance was $467.80

- On 8/6, Chelsea went grocery shopping at Kroger. She spent $95.20 in groceries.

- On 8/7, Chelsea paid her internet bill to Communications for $63.40.

- On 8/4, Chelsea moved $100 from her checking account to her savings account

- On 8/4, Chelsea received $150.00 for her birthday.

Mark each as either a Deposit, Withdrawal, or a Transfer

Groups:

(a) deposit

,

(b) withdrawal

,

(c) transfer

• Birthday Money

• Internet - Communications

• Groceries - Kroger

• Checking to Savings