WorksheetsEverfi Financial Literacy Modules 1-4
Total questions: 21
Worksheet time: 10mins
Interest can be:
a charge for lending money to the bank
the amount owed for borrowing from the bank
the amount added into your savings account when opening a bank account
a charge for the convenience of accessing money stored in your bank account
Which of the following is a type of savings vehicle?
Certificate of Deposit
Debit Card
Checking Account
Cash
Which financial institution usually charges the highest interest rates on loans?
Savings & Loan Associations
Pay Day Lenders
Commercial Banks
Credit Unions
Which of the following statements comparing debit cards to credit cards is true?
Debit cards allow you to draw funds directly from your checking account
Debits cards typically offer greater fraud protections
Debit cards never require a signature to finalize a purchase
Debit cards charge a high rate of interest
Good credit is usually required for which of the following:(Check all that apply)
buying a new car
adopting a new pet
getting a credit card
buying a house
buying used furniture
The form filed by students to receive federal financial aid for school is known as:
FICO
FAFSA
FIFA
FALALA
Which of the following should you take into consideration when deciding to buy or lease a car? (Check all that apply)
Cost of the car
Car interior and features
Monthly loan payment
Down payment
Your monthly budget
Which form is your employer required to send to you before you file your tax return?
Yearly paycheck stub
1040EZ
W-2
W-4
Which of following drivers will likely pay the highest auto insurance premiums?
Younger, inexperienced drivers
Older, experienced drivers
Drivers who have a safe driving records
Drivers who travel short distances
Which piece of information is most useful to an identity thief?
Your full name and address
Your full name and date of birth
Your full name and social security number
Your full name and student ID number
The amount owed for borrowing money
Gratuity
Interest
Median
Which compound interest option will require
you to pay the lowest amount in interest on a car loan?
annual
bi-weekly
monthly
A certificate of deposit is
budget
the ease with which an account will allow you to access your cash
a savings certificate that gains interest and has a set time before you can withdraw your money
A type of financial institution that typically requires membership
A shopping club with low interest rates
credit union
Is a record of a person's borrowing and repayment activity
Bank statements
Loan interest rate
Credit History
Three major credit bureaus in the United States, which tracks credit histories, creates credit reports, and calculates credit scores.
Equifax, Experian, & TransUnion
Google, Yahoo, Safari
FICO is
the common abbreviation for Federal Insurance Counselors Operators
The most commonly used credit score in the United States. Fair Issac Corporation.
