PFL Learning Check #1: Banks, Checkbook, Debit vs. Credit

Anna would like to purchase a new mountain bike that costs $600. She only has $300 in her checking account now. Which of the following statements is true?

• She can use her debit card to pay for the bike and pay off the debit card over

  time.

• She can save up the remainder of the balance and then pay with a credit card.

• She can use her debit card to pay for the bike directly from her bank account.

• She can use her credit card to buy the bike now and pay it off over a period of

  time.

Kane is comparing two different regional banks. Which of the following statements is true?

• First Texas Bank charges a $7 monthly fee

• Republic of Texas Bank charges 1% of the checking account balance

• First Texas Bank will always be the best value.

• Republic of Texas Bank will always be the best value.

• If Kane typically has more than $700 in his checking account, then First Texas

  Bank is the best value.

• If Kane typically has less than $700 in his checking account, then First Texas

  Bank is the best value.

Tags

CCSS.8.F.A.2

CCSS.HSF.IF.C.9

Which of the following situations does not describe the use of a credit card?

• may earn rewards

• allows for unlimited purchases

• can be used to build a positive credit history

• purchases may be subject to interest charges

Using the check register below, determine the amount spent on groceries on May 4th.

Mathematical Equivalence

ON

Tags

CCSS.6.NS.B.3

Two different banks are advertising their checking accounts. Which of the following is a better choice if the Jackson family averages about $2,200 in their checking account?

• Bank of Texas

• Main Street Bank

• They are equally good choices

Tags

CCSS.6.RP.A.3B

The check register shows the transactions of the Palencia family.

Based on the information above, how much

did it cost for the Palencia family to attend the

museum?

Mathematical Equivalence

ON

Tags

CCSS.6.NS.B.3

Read each of the statements below. Mark the statements that can be found on a credit report as true or false.

Groups:

(a) On a Credit Report

,

(b) Not on a Credit Report

• The balances on any accounts in which

  you have borrowed money

• The amount of money you owe a family

  member

• Accounts that are past due

• An auto loan that was paid off 15 years

  ago