Financial Literacy Review

Which of these represent the highest level of education?

Which level of education would have the least earning potential in your job?

• Master's Degree

• Doctoral Degree

• Bachelor's Degree

• Associate's Degree

Before Nina bought groceries on April 22, she had a balance of $487.25 in her checking account. Nina wrote her transactions in her check register. She included all her transactions through the end of the day on April 23. Based on the transactions in her check register, what is the balance in dollars and cents in her checking account at the end of the day on April 23?

Mr. Elders 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 Mr. Elders can use to purchase the television.

• He can use his credit card to buy the television now

• He can save money and use his debit card to buy the television later

• He can use his debit card to buy the television now

• He can save money and pay cash for the television later

A student does exceptionally well academically in

high school. A university offers to pay full tuition for

the student if they maintain a 3.5 GPA. What type of

financial assistance did the university offer?

• Loan

• Scholarship

• Loan

• Work Study

Transactions with this type of card are immediately withdrawn from a checking or savings account

• Debit Card

• Credit Card

Transactions with this type of card are like a loan and must be paid back at a later date

• Debit Card

• Credit Card

Interest is charged on unpaid monthly balances when you use this type of card

• Debit Card

• Credit Card

This type of card can be used to obtain cash from an ATM

• Debit Card

• Credit Card

Based on the data in the table, how much more annually would a person with a bachelor's degree earn over a person with a high school diploma in one year?