Financial Literacy

Debit card purchases are “buy now, pay now” so you must have enough money in your account to cover your purchase.

• True

• False

Tags

CCSS.6.EE.B.6

When using a credit card, you will be charged interest if the balance is not paid within 30 days.

• True

• False

Which of the following are financial institutions?

• bank

• museum

• library

• credit union

What is the machine called that is used to withdraw money and that is found in shopping centers, in convenience stores, and outside financial institutions?

• GWB (Great Wonderful Bank)

• ATM (Automatic Teller Machine)

• EBT (Easy Bank Teller)

• AMM (Awesome Money Maker)

Tags

CCSS.RI.3.5

CCSS.RI.4.3

CCSS.RI.4.5

CCSS.RI.5.3

CCSS.RI.5.5

Which accounts usually pay interest?

• checking

• banking

• savings

• credit

Tags

CCSS.5.NF.B.5B

What does deposit mean?

• remove

• take away

• put into

• spilled

Tags

CCSS.RI.3.4

CCSS.RI.4.4

CCSS.RI.5.4

CCSS.RL.4.4

CCSS.RL.5.1

What does withdraw mean?

• put into

• transaction

• write a check

• remove

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

Expenses that happen each month and are about the same amount.

• Fixed Expenses
• Variable Expenses

Expenses that don't happen each month, or the price of the items or services change. They do not stay the same. The cost changes.

• Fixed Expense
• Variable Expense

Tags

CCSS.3.OA.D.9

House rent or monthly payment

• Fixed expense
• variable expense

Tags

CCSS.3.OA.D.9