Unit 11 Review

Mrs. Franklin wants to buy a new laptop, but does not have enough money in her bank account to pay for one. Which of these is NOT an option for Mrs. Franklin?

• She can use her debit card to buy the laptop now.

• She can use her credit card to buy her laptop now.

• She can save money and pay cash for the laptop at a later date.

• She can save money and use her debit card to buy the laptop at a later date.

Which of these describes information that can appear in a consumer's credit report?

• The amount of money the consumer will need to borrow in the next five years

• The name of a store where the consumer pays cash for all purchases

• The amount of money that the consumer loaned to a family member

• The name of a company that gave the consumer a car loan two years ago

Tags

CCSS.RL.11-12.6

Kelly is an 18 year old student. She is going to open a checking account with an initial deposit $100. She plans to then have a $300 average daily balance each month. The cost of checking accounts at several financial institutions is shown in the table below.

Based on the information in the table, which financial institution would be the better choice for Kelly when opening a checking account?

• Bank right, because the monthly fee is $5 for Kelly.

• People's Bank, because the monthly fee is $8.95.

• State Bank, because the monthly fee is $0 with $500 daily balance.

• City Bank, because the minimum deposit to open it is $25.

Tags

CCSS.8.F.A.2

CCSS.HSF.IF.C.9

Before Nina bought groceries on April 22, she had a balance of $487.25 in her checking account. Nina wrote the transaction in her check register. She included all her transactions through the end of the day on April 23.

Based on the transactions in Nina's check register, what is the balance in dollars and cents in her checking account at the end of the day on April 23?

Tags

CCSS.6.NS.B.3

Randy received financial assistance to pay for his college education. After he graduates, he will have to pay back the amount of money he received plus any interest that accrues after graduation.

Which kind of financial assistance did Randy receive

• Savings Plan

• Student Loan

• Scholarship

• Work-Study

Tags

CCSS.RI.4.5

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

Which statement does NOT describe a value of a credit report to a lender?

• The lender can change a consumer's credit rating depending on their age.

• The lender can check the payment history of a consumer.

• The lender can share information about a consumer's credit.

• The lender may determine a consumer's financial risk.

The table shows the median annual salaries in dollars for airline pilots and truck drivers.

Based on the information, how much more money will an airline pilot earn than a truck driver over 20 years?

• $60,210

• $1,930,000

• $136,650

• $1,204,200

Tags

CCSS.7.EE.B.3

A portion of Mile's check register with the balance on October 2 is shown.

Based on the information in the check register, what was Mile's balance after the transactions?

• $1, 244.09

• $2, 454.00

• $3, 516.23

• $2,980.05

Tags

CCSS.7.NS.A.3

The table shows the monthly fees for the checking accounts at two banks.

Which statement is best supported by the information in the table?

• The fee at Bank Y will be more than the fee at Bank Z only when the checking balance is less than $500.

• The fee at bank Y will always be less than the fee at Bank Z.

• The fee at Bank Y will always be more than the fee at bank Z.

• The fee at Bank Y will be more than the fee at Bank Z only when a customer's balance is more than $500

Tags

CCSS.8.F.A.2

CCSS.HSF.IF.C.9

The table shows the average annual salary on the minimum level of education required for two occupations.

Based on this information, how much more money will an accountant earn than a tax-preparer over 30 years?

• $112,740

• $3,382,200

• $880,200

• $1,251,000