Unit 1: Financial Literacy, College and Career Readiness

Front

True or False: Checks and Debit Cards are NOT connected to your checking account.

Back

False

Front

What is the correct amount in this scenario? $175.25, $25.25, $632.25, $482.25.

Back

$175.25

Tags

CCSS.5.NBT.B.7

Front

Which of the following reasons for selecting a bank is valid? 1) Bank B has a lower monthly fee. 2) Bank A has a lower overall monthly cost. 3) Either bank is fine as costs are identical. 4) Bank A charges more per check transaction.

Back

Madison should select Bank A because her overall monthly cost will be $1.50 less than Bank B.

Tags

CCSS.8.F.A.2

CCSS.HSF.IF.C.9

Front

Which list contains methods to pay for college that do not require repayment? 1) student loans and work-study 2) scholarships, student loans, and savings 3) savings, scholarships, and grants 4) grants, scholarships, and student loans.

Back

savings, scholarships, and grants

Front

Why is it important to establish positive credit history? 1) Higher credit scores result in lower interest rates. 2) Positive credit history leads to higher credit scores. 3) More likely to be offered a loan by a bank. 4) All of the above.

Back

All of the above.

Front

What is a checking account?

Back

A checking account is a bank account that allows for deposits and withdrawals, typically used for daily transactions.

Front

What is a debit card?

Back

A debit card is a payment card that deducts money directly from a checking account to pay for a purchase.

Front

What is a credit score?

Back

A credit score is a numerical representation of a person's creditworthiness, based on their credit history.

Front

What are scholarships?

Back

Scholarships are financial awards given to students to help pay for their education, which do not need to be repaid.

Tags

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.5.5

CCSS.RI.4.5

CCSS.RI.8.5

Front

What are grants?

Back

Grants are funds provided by an organization, often the government, that do not need to be repaid, typically awarded based on need.