Semester 1 Final (CCR Math)

Purchase is withdrawn directly from a checking or savings account. 

• Debit card
• Credit card
• Both

You can purchase an item now and pay for it later.

• Debit card
• Credit card
• Both

It requires the use of a PIN when making a purchase. 

• Debit card
• Credit card
• Both

A checking account is

• An interest bearing account where your deposit remains for a set period of time
• An account where money can easily be deposited and withdrawn by means of checks, debit cards and ATM transactions.
• A computer that checks your email account

More useful when you are short on cash in an emergency.

• Debit card
• Credit card
• Both

“I have $360 in my checking account, so that is the most I can spend using this card.”

• Debit
• Credit
• Both

What is the primary benefit of a checking account?

• Offers investment opportunities

• Earns high interest rates

• Allows for long-term savings

• Provides access to money for everyday needs

What is the primary benefit of a savings account?

• Offers investment opportunities

• Provides access to money for everyday needs

• Allows for long-term savings

• Earns high interest rates

Should you have both checking and savings accounts?

• No, only one account is necessary

• Yes, but only if you have a high income

• Yes, because they serve different purposes

• No, it's better to have multiple checking accounts

What is the starting balance on this check register?

• 4720.33
• 4500.00
• 4500.75
• 4320.00

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3