Financial Literacy

What is a withdrawal?

• Taking money out of an account.

• Putting money into an account.

• Getting paid.

• Earning money.

What is a deposit?

• Taking money out of an account.

• Putting money into an account.

• Paying for something.

• Sending money to someone else.

Which one will show up on your credit report?

• Credit Card

• Debit Card

Which one is your own money?

• Credit Card

• Debit Card

Which one is your own money?

• Credit Card

• Debit Card

Which is NOT included in a credit report?

• Late payments

• Number of credit card

• High-school grades

• Previous employers

Mia's financial aid package from a college included funds from the government. After graduation, Mia will start to repay these funds along with interest accrued on the money.

What types of funds did Mia receive from the government?

• Work-study

• Student loan

• Savings

• Grant

Ms. Versani applied for a car loan from a bank. Which statement best describes the importance of Ms. Versani's credit report to the bank?

• The report shows the likelihood that Ms. Versani will pay back the entire loan on time.

• The report shows the highest level of education that Ms. Versini has reached.

• The bank gives higher interest rates to people with higher credit scores.

• The bank gives partial loans to people with strong credit.

The table shows the approximate median salaries associated with two levels of education.

Based on the data in the table, how much more money would a person with a master's degree earn than a person with a bachelor's degree make in one year?

• 126,700

• 69,100

• 11,500

• 57,600