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WorksheetsFinancial Literacy (FBMS)
Total questions: 20
Worksheet time: 15mins
Eduardo plans to attend college after he graduates from high school. He is applying for financial aid. Which of the following is NOT a type of financial aid?
Scholarships
Student loans
Grants
Current income
There are many ways to financially prepare for college. Colleen's mom has been putting money in the bank each month for her to use in college. What type of payment is this considered as?
Work study
Scholarship
Family support
Loan
Balance: $167.34
Withdrawal: $45.92
New balance: ----?----
$44.98
$121.42
$889.05
$345.67
An electronic transfer of a payment directly from the payer's account to the recipent's account is a ----
Direct deposit
Credit score
Bank
None of the above
What is the Federal Application for Student Aid (FAFSA)?
A free application used to determine eligibility for federal student aid.
A business that deals with money, deposits, investments, and loans, rather than goods or services.
Two adjacent angles that are also supplementary.
A person or business that loans money.
Which of the following could be damaging to a person's credit history?
Having 15 accounts open with balances close to their limits
Having multiple hard inquiries on a credit report in a short period of time
Making minimum monthly payments on the due date
Having multiple addresses listed in personal information
What is one advantage of using a credit card over a debit card?
Using a credit card is never an advantage over using a debit card.
Using a credit card allows the purchase to be paid over time so it is less expensive.
Using a credit card is easier than using a debit card.
Using a credit card responsibly builds credit history, which can positively impact credit worthiness.
A financial institution that is owned by its members is ----
A credit union.
A credit score.
A credit limit.
A credit report.
What is a direct deposit?
An electronic transfer of a payment directly from the payer's account to the recipient's account.
Money placed into a checking or savings account at a bank.
One of the symbols 0, 1, 2, 3, 4, 5, 6, 7, 8, and 9 used to write numbers.
An amount of money that is paid to investors from profits.
A delinquency is ---
The bottom number of a fraction; the total number of equal parts.
Money placed into a checking or savings account at a bank.
A debt or other account for which payment is past due.
The highest post-graduate degree awarded by a university.
What's an overdraw?
The status of an account when the money taken out is more than the account contains.
An arrangement between a financial institution and a customer in which the institution extends credit when an account reaches a zero balance.
Refers to any education received at a community college, college, university, etc.
What is post-secondary education?
Any education received from community college, college, university, etc.
Any of the four regions of a coordinate plane.
A closed figure made of line segments.
The ratio of a number to 100; per hundred.
TRUE OR FALSE: An overdraft is two lines in the same plane that never intersect.
True
False
TRUE OR FALSE: A credit card is easier to use than a debit card.
True
False
Neither, because this is an opinion.
TRUE OR FALSE: An occupation is a job or profession.
TRUE
FALSE
Which card takes money directly from your bank account?
Credit Card
Debit Card
Carlos buys V-Bucks in Fortnite with his mom's debit card. Does he have to pay any interest?
Yes!
No.
Luke says that depositing money into his bank account will decrease his balance. True or false?
True
False
Hannah's teacher, Ms. Rguig, asked her to explain the difference between a debit card and a credit card. Hannah says that a credit card takes money out of your account, and debit cards use borrowed money. Is she correct?
Yes
No
Manizeh's mom works as a manager of a bank. Her mom tells her that paying minimum payment each month will damage your credit history. Is this true?
Yes, because the minimum payment is mainly interest.
No, because you pay something at end of each month, at least!
