Font size
WorksheetsFinancial Literacy Review
Total questions: 30
Worksheet time: 1hrs 19mins
You have a beginning balance of $400, but your rent is $500. How much will you have in your bank account after the bank take out your $35 overdraft fee?
-$45
-$78
$84
-$135
You have a beginning balance of $540, but your rent is $300. Your groceries cost $200 How much will you have in your bank account?
$80
-$40
$40
$75
You have a beginning balance of $400, but your rent is $250. Your phone bill automatically withdrew $200. How much will you have in your bank account after the bank take out your $35 overdraft fee?
-$85
-$100
85
105
You have a beginning balance of $4100, but your rent is $1,000. The light bill is $230 How much will you have in your bank account?
$456
$780
$2870
$2810
You have a beginning balance of $400, but your rent is $200. You received your direct deposit of $300, but your light bill is $700. How much will you have in your bank account after the bank take out your $35 overdraft fee?
-$435
-$235
-$200
-$535
You have a beginning balance of $400, but your rent is $150. The grocery store charged you $200 for groceries. Your phone bill is $75. How much is your balance after you receive your direct deposit of $200? (keep in mind you was charge a $35 overdraft fee because your phone bill put you in the negative)
-$40
75
-$140
$140
You have a beginning balance of $100, but your game cost is $200. How much will you have in your bank account after the bank take out your $35 overdraft fee?
-$45
-$135
-$35
-$75
How much money will you have left in your budget if your income is $1500 and your fixed expense is $1235?
$245
$265
$255
$275
Which of the following would be considered income?
Phone bill
Pay Check
Direct deposit
Rent
Money in your birthday card
If you get paid $750 twice a month. How much do you get paid a year?
$7500/ yr
$18,500/ yr
$18,000/ yr
$40,000/yr
Withdraw
Keeping track of money
Taking money out of bank account
Putting money in bank account
Bank Account
Proof of Identification
A plastic card used to withdraw money
A agreement between made with a bank to keep your money.
Income
Money earned from working
Putting money in a bank account
Tracking where you spend money
Deposit
Taking money out of your bank account
A plastic card used to make purchases
Putting money in your bank account
Where does a debit card withdraw money from?
A fundraiser
Your savings account
Your checking account
Why should you keep your PIN safe?
To keep people from stealing your bank account info
To make sure you have income
To make withdraws from your checking account
Where do you get checks from?
The mall
Amazon
Your bank
Do you write the date on a check?
Yes
No
Actions or actions that someone or a company does for you for profit?
Services
Goods
Online Shopping
Consumer
A person who purchases goods and services for personal use.
Buyer
Seller
Endorser
Consumer
A card issued by a bank or business, allowing the holder to purchase goods or services on credit.
Debit Card
Coupon Card
ATM Card
Credit Card
Card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.
Debit Card
Coupon Card
ATM Card
Credit Card
Your beginning balance is $475. Your rent is due which is $150 and your cell phone bill is $55. How much is your ending balance after paying your bills?
$280
$270
$185
$55
Your beginning balance is 536.75, but your car payment is 208.92. Next, your car insurance is 182.73 and groceries cost 76.23. Your income direct deposited your weekly check of $300, but your rent is $400. If your bank covers the overdraft and charges you a $35 fee, what is your ended balance?
-31.13
-51.13
-66.13
-86.13
How do you calculate a budget?
Income - Expenses =?
Paycheck + Variable Income =?
Gross pay + Net expenses =?
Gross pay - Net expenses =?
If your bank account is already overdrawn -$183 How much of your paycheck will you receive if your check is $850?
$453
$667
$776
$456
If your direct deposit of $967 hits and you use an out-of-branch ATM with a $2.50 fee, How much money will you have if you withdrawal $175?
$789.50
$546.75
$792.00
$808.50
When calculating a budget you should use your gross income.
True
False
