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Worksheets7th Grade Financial Literacy (m)
Total questions: 20
Worksheet time: 45mins
Where can you look for a job?
Newspaper
Online
At a local store
All of the above
What should NOT be included on your resume?
Previous job experience
Educational background
Graphs and charts
What should you NOT do during an interview? (Select all that apply)
Sit up straight
Answer your phone
Eat food
Bring your resume
Ask questions
The interviewer asks you to tell them about yourself. Which of these is an appropriate response? Lets say you are interviewing for a teaching position.
I went to college in Virginia. I live at home with my mom and my three dogs. I like to go hiking and my favorite food is chocolate cake. Oh, and I am a Gemini!
I attended the STEM program at Kean University and got my Masters in education there. I have worked with students in middle school and high school teaching math, financial literacy and computer science.
What is gross pay?
The money you earn before taxes
Really stinky money
The money you "take home" after taxes and deductions are taken out
This tax provides benefits for retired workers and people with disabilities
Federal tax
State income tax
Social Security tax
How much money did this person take home in this pay period?
$709.74
$290.26
$1000.00
What is the better deal? The same orange juice company sells a 64 oz container for $4.48 and a 32 oz container for $2.08. Hint: Which has the better $ per oz?
32 oz container
64 oz container
Your friend Greg wants to buy a new video game system that costs $500. He decides to drop his car insurance so that he can save $100 a month for his video game. Is this a good idea?
Yes because then he will have enough to buy his video game and he doesn't really need car insurance anyway
No because if something happens to his car without car insurance he can get into trouble and it will cost too much to fix it
What is a key component of a savings account?
You can write checks from a savings account
You earn interest monthly on the amount in your account
You should use a savings account for your daily purchases
Which is NOT a type of savings account?
CD
Money Market
General Savings
Checking
Explain what "pay yourself first" means?
Save money from your paycheck before you pay your bills
Go shopping before you pay your bills
Don't pay any of your bills until you have treated yourself to some fun things with your money
Why do many people struggle to save money?
They spend money faster than they can make it
They do not have a separate savings account for their money
Life happens - cars need repairs, home repairs etc
All of the above
What will happen if you have $100 in your account and try to make a purchase for $200?
You get charged an overdraft fee
You go to jail
Your bank account will get shut down
You lose your job
Which is NOT a service that a bank offers?
Checking and savings accounts
Mortgages
Credit card accounts
Car washes
When you add money to a bank account it is called a
Withdrawl
Deposit
Check
What is a check?
An automated teller machine
A form of savings
A pre-printed form of payment that is attached to your bank account
Why is it important to keep a record of all of your bank transactions?
It is required by law
So that you know exactly how much money is in your account and you do no overdraw it
The bank does not keep any records
What goes on the long line in the middle?
A note about what you bought
The amount of the check written out in numbers
The amount of the check written out in words
It is important to be financially literate, to save and budget your money and plan financially for your future
True
False
