Computer/ Financial Literacy Rev

Cables connected to computers and printers should be considered by students to be:

• Off limits
• Electrically hot and therefore dangerous
• Beyond the students' area of responsibility
• All of the above choices are correct.

When you write a check from your checking account this is a:        

• Credit added to your balance.   
• Debit subtracted from your balance
• Credit subtracted from your balance.
• Debit added to your balance.

A checking account is: 

• An account where money can easily be deposited and withdrawn by means of checks, debit cards and ATM transactions.  
• An interest bearing account where your deposit remains for a set period of time.
•  A computer program that checks your email account.
• Ownership in a company.

Reasons for making a budget include:

• To keep track of your income and expenses.
• To achieve your long term goals. 
• To have a spending plan.
• All of the above choices are correct. 

The lowest amount of money shown on your credit card bill that must be paid every month is called the: 

• late fee
• minimum payment
• credit limit
• previous balance

How can a cardholder avoid paying interest on a credit card?

• . Do not pay anything.   
• Pay the minimum balance every month.   
• Pay the minimum payment after the due date
•  Pay the balance in full every month.

A detailed report of your credit history prepared by a credit bureau and used by a lender to determine creditworthiness is called a:

• Credit Report
• Credit Card
• Certificate of Creditworthiness
• Report Card

Which of the following investments would carry the most risk?

• Checking Account
• Savings Account
• Savings Bond
• Stock

Comparing the advantages and disadvantages in order to make a decision is called:

• Cost Benefit Analysis
• Budget
• Interest Rate
• Financial Services

Good Credit Card Terms include

• High Interest Rate
• Low interest rate
• high late fees
• Annual fees