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WorksheetsDigital Citizenship & Financial Literacy
Total questions: 85
Worksheet time: 1hrs 22mins
What does a bank do for you?
Keep your money safe while allowing you access to it
Charge you interest on the money they keep for you
Shine your shoes
Give you money when you ask politely
How does a bank make money?
Keep some of the money you deposit in a savings account
Charge interest on loans
Charge a tax for depositing money
Offer credit cards
Putting money into a bank is called
withdrawal
interest
deposit
cashier's check
This will affect your bank balance whether or not you are aware of when it happens
direct deposits and automatic withdrawals
your landlord deposits your check into his account
monthly bank fees, overdraft fees, low balance fees
All of the above
A card that can be used to borrow money from financial institutions
Debit cards are a convenient way to pay because you don’t have to carry cash or take time to write a check.
True
False
Debit card purchases are “buy now, pay now” so you must have enough money in your account to cover your purchase.
True
False
If you spend more money than is in your account, your bank will charge you a fee.
True
False
When using a credit card, you will be charged interest if the balance is not paid within 30 days.
True
False
The amount left over from your paycheck after taxes and deductions are withheld is called ______________.
balance
income
gross pay
net pay
What is the document that comes with your paycheck, showing how much you were paid and how much was withheld, called?
Paystub
Payment Calculations
Interest
Net pay
The amount of money you owe on a loan is also called...
IOU
Credit
FICA
Debt
A claim is...
A request submitted to your insurance provider to help pay for covered expenses.
A type of auto insurance that protects against damage costs accrued by the policy holder.
The amount you'll need to pay before insurance kicks in a covers the rest of your costs.
Anything you spend money on, whether it is a necessity or a luxury.
True or False: If you someone breaks into your house, you break your leg or you crash your car you will be responsible for paying the deductible before your insurance can cover the rest of the costs.
True
False
The purpose of all types of insurance is to...
Provide protection against the unpredictable like car accidents or broken arms.
Protect you from identity theft
A calculation that divides the debt you have by the amount of money you make to produce a percentage that helps lenders decide your ability to pay back a loan.
Credit Report
Debt-to-Income Ratio
Deductible
Credit Score
A 401(k) is...
An employer-sponsored savings and investment plan that allows you to contribute some of your earnings to keep for retirement. Contributions are tax-deferred and your employer might choose to match contributions as a benefit of employment.
A budgeting method where you record your earnings twice; once in your account and once in your budget.
A hard inquiry looks at your credit history, typically in advance of applying for a loan. Which of the following is not true of a hard inquiry?
They can negatively impact your credit for 12 months
They remain on your credit history for two years
They can help your credit score
Taxes are important because...
Contributions made to state and federal government pay for things like public services and infrastructure
It provides Medicare or medical services to Americans after they retire.
By participating in Social Security, we receive benefits that help support us after we retire.
All of the above
Your credit score is important because...
It is the number assigned to an individual that calculates your ability to use and pay back credit.
It is a contract that lets you use someone else's property for a specified rate and length of time.
It is the amount you own in assets minus the amount you owe in liabilities
It is a document that details the amount of coverage your insurance offers
True or False: Interest can both cost you money and/or earn you money
True
False
Oh no! You broke your arm. Before you can see a doctor you have to pay your copay. What is a copay?
It is when you turn your money over to a financial institution for safekeeping.
It is the amount you have to pay on a loan.
A percentage charged when you borrow money.
The amount of money you pay to a healthcare provider before your insurance takes the claim.
True or False: Debit cards immediately pull funds from your checking account to pay your expense.
True
False
You see this message on your device. Which of the below statements are true?
You've won $2000 from a bank.
You should call the police and throw away your phone.
This is from an official bank.
This is probably a scam/phish. Don't click it.
Which of the below are possible consequences of identity theft?
You would no longer be able to be you.
Disneyland will give you a free trip.
Someone could give you a lot of money.
Someone could apply for credit cards or loans in your name.
If you met someone online, which of the following questions should you NOT answer.
What is your favorite type of video game? Do you like xbox?
Do you have any pets? Did you see Secret Life of Pets?
What type of music do you like? Do you like the piano?
What school do you go to? What's your phone number?
How could you decide if an article was credible or not? Choose the two best answers below.
Ask a friend to see if they heard the same information.
Read the article closely. Does it make sense? Is it believable?
See if the main idea and key points of the article are also reported by other credible sites.
Look at the fonts they used. Do they seem nice and easy to read?
Which of the following domains is least likely to contain reliable/trustworthy information:
.com
.gov
.edu
.org
Just like it is important to lock your doors, it is important for you to _______
Protect your passwords.
Close your computer without logging out.
Log in with another account if you can't log into your own account.
Download safe/trusted software that will check and protect your device for threats and viruses.
When using technology it is critical that you understand that you are leaving a __________________.
Digital footprint that can always be traced back to you.
Good impression for making new friends.
World that will allow you to remain anonymous so that no one knows who you are.
Print that can be deleted and not traced back to you.
If you send a message via text or online, it is gone once you hit 'delete'.
True
False
As a digital citizen, check all of your responsibilities:
Report threats
Make friends with others I meet online
Report inappropriate activity
Cite sources where you gather information
Share my passwords with my friends
What makes a good password?
Using yours or your family member's name
A non identifying word that uses a mixture of upper and lower case letters along with special characters.
Your birth date
The same password that you use for all of your accounts
It is safe to share my passwords to my personal accounts with:
My neighbor
My cousin
My best friend
No one
If you go online and find information that you decide to include in your research paper or for an assignment but you do not cite the author/source where you gathered this information, what illegal act are you committing?
Cheating
Downloading
Replication
Plagiarism
Amber has noticed that most people on her social media timeline share similar articles & news stories, that she agrees with. What should she do to challenge her confirmation bias? (Choose the best answer)
Research other sources that corraborate (support) the news stories.
Look for articles that support different views on an issue.
Follow some new people on social media, and read the news & articles that they share.
Explain the 50-30-20 rule. Be sure to discuss what each number represents and give at least one example.
50% of your budget should be dedicated to your ..
(a)
Emma, Hannah, and Isla are discussing about online articles. They are trying to identify a common technique used in clickbait headlines. Can you help them?
Accurate and factual statements
Boring and uninteresting language
Misleading information
Sensational or exaggerated language
Nora, Evelyn, and Aiden are having a debate. They are trying to figure out which emotion is often targeted by clickbait headlines. Can you help them?
anger
happiness
curiosity
fear
Aria, Michael, and Scarlett are debating about the main goal of clickbait articles. Can you help them settle the debate?
To attract attention and generate more clicks or views.
To provide accurate and reliable information.
To educate and inform readers.
To promote critical thinking and analysis.
Sort the features of an email into those that indicate there is a higher chance the email is a phishing scam and those that indicate there is a lower chance the email is a phishing scam.
Generic greeting
Lower chance email is a phishing scam
higher chance email is a phishing scam
The act of posing online as another individual and engaging in a relationship.
phishing
malware
catfishing
ransomware
An s added to the http means…
stable
secure
safe
a scam
A type of crime in which your private information is stolen and used for criminal activity.
identity theft
spam
phishing
hoax
Can you get an email scam from someone even if you never gave your email to that person?
No, you can only receive a scam from someone you know
Yes, Phishing scammers harvest email addresses
No, only if you give out your email to family and friends
No, but I am not sure why
Phishing means
Using a phishing pole in the water and catching phish
Using false headlines to gain attention
Websites, texts and emails created to trick you
When a hacker steals your identity
Carmen received an email from her bank asking her to update her account details. Ethan noticed something off about the email. What is one characteristic of phishing emails that Ethan might have noticed?
The email is addressed to Emma
There are spelling or grammar errors in the email
The sending email address matches the bank's name
Isla received a delivery notice when she was not expecting a parcel
The main reason why people fall into serious credit card debt is
Irresponsible spending habits
Because they don't make enough money
Because they lose their job
All of the above
What is debt?
Another word for death
Something, typically money, that is owed or due
A loan on which you do not have to pay interest
That which is incurred during childhood and consummated in college
What is a credit report?
A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness
A detailed report of a bank's credit history prepared by a credit expert and used by consumers in determining a bank's creditworthiness
A report which shows which credit cards are better than others
A report invented by Allan Greenspan and credited to Al Gore
When moving to a new rental apartment, you’ll likely need to pay a security deposit. How much will this usually cost?
$100
First and last month’s rent
$500
First month’s rent.
Which of the following is true about credit cards?
If you don’t pay your balance off in full each month, you’ll accrue interest.
Charging your credit card is the best way to pay for an unexpected expense.
You can’t use a credit card at most stores
Credit cards allow you to access money in your checking account
If you pay off only the amount owed on your credit card each month, but don’t pay it off completely, what’s that called?
Paying your balance
Paying your interest payment.
Paying your debt
Making your minimum payment
What is debt-to-income ratio?
The ratio of your debt compared to your yearly income
Something that lenders look at on your credit report
A percentage that helps lenders decide your ability to pay them back for your loan
All of the above
