Check Register and Personal Finance

This video tutorial covers the sixth-grade concept of personal financial literacy, focusing on balancing a check register. It explains the use of check registers, despite the decline in check usage, and emphasizes the importance of tracking deposits and withdrawals to maintain an accurate account balance. The tutorial provides a practical example involving transactions, demonstrating how to calculate new balances after each transaction. The lesson concludes with a final balance calculation, reinforcing the skills needed to manage a checking account effectively.

What is the main topic of the video tutorial?

• Historical Events

• Science Experiments

• Personal Financial Literacy

• Mathematical Equations

Which standard is being covered in the video?

• 6.14d

• 6.14a

• 6.14b

• 6.14c

What is a check register primarily used for?

• Managing investments

• Tracking expenses

• Balancing a checking account

• Calculating interest

Why do most people prefer using debit cards over checks?

• Debit cards are more widely accepted

• Checks are more secure

• Debit cards offer rewards

• Checks are faster to process

What are the three columns in a check register?

• Credits, Debits, Total

• Earnings, Spendings, Remaining

• Income, Expenses, Savings

• Deposits, Withdrawals, Balance

What is a deposit in the context of a check register?

• A fee charged by the bank

• A type of loan

• Money added to the bank

• Money taken out of the bank

What is the balance after Nina buys groceries for $72.50?

• $400.00

• $487.25

• $414.75

• $429.75

How much did Nina deposit after buying groceries?

• $10.00

• $15.00

• $20.00

• $5.00

What is the final balance after the cash deposit?

• $414.75

• $487.25

• $429.75

• $400.00

What should you do every time you have a new transaction in your check register?

• Ignore it

• Call the bank

• Write a check

• Calculate a new balance