Personal Financial Literacy

Alana checks her bank account and finds that she has $725. This is more than Alana thought she had, so she decides to takeout 120. What is the best description of the money Alana took out of her account?

• Deposit

• Withdrawal

• Spending

• Saving

Tags

CCSS.2.NBT.B.7

CCSS.3.NBT.A.2

Anthony has earned $415 by painting houses. He decides to put the money that he earned in a bank account that he will not use for a year. What is the best description of Anthony’s decision for his money?

• Anthony has decided to give away all of the money that he earned.

• Anthony used all of his money and does not have any money left to spend.

• Anthony has decided to save his money instead of spending it right away.

• None of these

Which of the choices is an example of responsible borrowing?

• Returning a video game to the owner without any damage

• Never returning a dollar to the person from whom you borrowed it

• Returning a broken pencil to the owner

• Returning money that was borrowed later than you agreed to return it

Tags

CCSS.RL.1.3

CCSS.RL.4.3

CCSS.RL.K.3

CCSS.RL.2.1

CCSS.RL.5.3

Luis needs to prepare for a family dinner. He buys the food at the grocery store, drinks at the convenience store, and plates at a housewares store. What role does Luis play in each of these examples?

• Consumer

• Producer

• Saver

• Borrower

Tags

CCSS.L.4.6

CCSS.RI.3.4

CCSS.RI.4.4

CCSS.W.4.2D

CCSS.W.5.2D

Oliver saved his allowance money for 3 weeks. How much money does Oliver have saved after 3 weeks?

• $15

• $67

• $64

• $16

Tags

CCSS.2.NBT.B.7

Which choice is a possible cost of lending a friend $5?

• Getting back more than $5 from the person you lent money

• Helping a friend in need

• Getting your $5 back the next day

• Not having enough to buy breakfast

Tags

CCSS.6.NS.C.5

The table below shows the cost of each item used in making a shirt. What is the total cost to produce one shirt?

• $9

• $7

• $12

• $15

Tags

CCSS.4.MD.A.2

Sasha receives her paycheck from her company. The check goes straight to her bank account for her to use for the things she needs to pay for, like rent, food, and gas. What is the name for the money that goes into her bank account?

• Withdrawal

• Deposit

• Loan

• Spending

Tags

CCSS.RI.2.3

CCSS.RI.2.5

CCSS.RI.3.3

CCSS.RI.3.5

CCSS.RI.1.3

Which of these is NOT an example of lending?

• Allowing your brother to use your bicycle

• Letting your sister use $10 to spend at the store but asking her to pay you back in a week

• Spending money at the store for a bicycle

• Giving your friend a pencil to use during class and then give back to you

Luciana uses her sister’s sleeping bag for a sleepover. After the sleepover, Luciana returns the sleeping bag to her sister. Which choice describes Luciana’s use of her sister’s sleeping bag?

• Loaning

• Withdrawing

• Lending

• Borrowing

Tags

CCSS.RL.1.3

CCSS.RL.4.3

CCSS.RL.K.3

CCSS.RL.2.3

CCSS.RL.3.3