Quiz about Financial Literacy Unit Review

Question 1

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.

Accepted Answer

Lone Star Bank

Answer

First Texas Bank

Answer

Republic Bank

Question 2

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

Accepted Answer

Lone Star Bank

Answer

First Texas Bank

Answer

Republic Bank

Question 3

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.

Accepted Answer

Republic Bank

Answer

Lone Star Bank

Answer

First Texas Bank

Question 4

Julian is applying for his first loan. In discussing it with his parents, they offer the advice that in order to have good credit he must pay the bill early and avoid interest payments.

Is this good advice?

Accepted Answer

Yes, it helps him not pay a lot of fees and makes sure he's not late which helps his credit score

Answer

Yes, because it's good practice.

Answer

No, there's a reason they have a due date, so that you don't have to pay until then.

Answer

No, that's just a bad way to pay off his bills.

Question 5

Mark 'true' if the statement explains the benefit of having a good credit history, mark 'false' if it does not:

You will be able to continue to borrow money at lower interest rates.

Accepted Answer

True

Answer

False

Question 6

Mark 'true' if the statement explains the benefit of having a good credit history, mark 'false' if it does not:

You will be a strong candidate for renting a home or an apartment.

Accepted Answer

True

Answer

False

Question 7

Mark 'true' if the statement explains the benefit of having a good credit history, mark 'false' if it does not:

You will demonstrate to an employer that may check your credit that you will not be distracted by your finances.

Accepted Answer

True

Answer

False

Financial Literacy Unit Review

18 questions

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

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

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

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.

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.

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

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.

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

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Financial Literacy Unit Review

18 questions

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

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

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

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.

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.

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

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.

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

Create a free account and access millions of resources

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for Mathematics

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.

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.

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

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.