6th Grade Financial Literacy

(6.14C)

• $175.25
• $25.25
• $632.65
• $482.65

Tags

CCSS.6.NS.B.3

(6.14B) Julio paid $35.92 for gasoline with his debit card. Which of the following is an accurate description of Julio's transaction?

• Julio's payment will affect his credit rating.
• Julio might be charged interest for his purchase.
• Julio's linked account will immediately have #35.92 removed.
• Julio will make payment for his purchase when he receives his monthly statement.

Tags

CCSS.6.NS.B.3

CCSS.6.NS.C.5

(6.14D) Why is it important to establish positive credit history?

• Higher credit scores result in lower interest rates on loans.
• Positive credit history results in higher credit scores.
• You are more likely to be offered a loan by a bank.
• All of the above.

(6.14E) How long will a negative credit action usually remain on a credit report?

• 4 years
• 7 years
• 10 years
• 15 years

Many payment options are available to help with the cost of a college education. A payment option that allows you to work on campus at your college and earn money is called what type of payment option?

• scholarship
• loan
• pell grant
• work-study program

There are various methods in which to pay for your purchases. Paul used a type of card to pay for his purchase that withdraws money immediately from his checking account. What is this type of payment card called?

• credit card
• debit card
• 401 card
• savings plus card

There are options available to pay for college. A type of college payment option that you receive for maintaining excellent grades and performing well (merit) on standardized test is called what type of payment option?

• a work-study
• a scholarship
• a loan
• a savings plan

Sally goes to the bank. She puts her babysitting money in her account. Sally has made a

• Deposit

• Withdrawal

Tags

CCSS.7.NS.A.1D

Katie goes to the bank. She takes money out of her account. Katie has made a

• Deposit

• Withdrawal

Tags

CCSS.6.NS.C.5

You can be charged a late fee if the payment is not made within the due date.

• Credit card
• Debit card
• both

Tags

CCSS.7.RP.A.3