Math in Action Midterm-Spring 2025

What do you call a transaction that puts money into your account? What about taking money out?

• Deposit and Withdrawal

• Credit and Debit

• Income and Expense

• Save and Spend

Tags

CCSS.4.MD.A.2

CCSS.4.NBT.B.4

Which of the following purchases would you pull from your savings account for as an adult?

• Buying a house

• Purchasing groceries

• Going to the movies

• Buying a coffee

How does putting your money in a bank benefit you?

• It keeps your money safe and secure.

• It allows you to spend money freely.

• It decreases the value of your money.

• It makes your money disappear.

How does the bank benefit?

• Through interest on loans

• By charging account fees

• By offering investment services

• All of the above

What fees might a bank charge?

• Maintenance fees

• Overdraft fees

• ATM fees

• All of the above

Your debit card is connected to your checking account and works like a ______ wallet that you can access daily for money that will be flowing in and out regularly.

• digital/electronic

• physical

• traditional

Which of the following is an example of a day-to-day purchase that you'd use your checking account for, rather than pulling from your savings account each day as an adult?

• Groceries

• Buying a house

• Investing in stocks

• Saving for retirement

Tags

CCSS.7.RP.A.3

How can you improve saving habits?

• Set up automatic deposits from your checking account into savings.

• Spend more on luxury items.

• Avoid budgeting.

• Ignore financial goals.

What are some challenges or barriers that could keep you from saving enough money?

• Lack of budgeting skills

• Unexpected expenses

• Low income

• All of the above

Tags

CCSS.7.EE.B.3

CCSS.7.EE.B.4

How can you improve saving habits?

• By setting a budget

• By spending more

• By ignoring expenses

• By not tracking income

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.3

CCSS.7.RP.A.2