Financial Literacy Review

If you spend more money than is in your account, your bank will charge you a fee.

• True

• False

What does deposit mean?

• remove

• take away

• put into

• spilled

Tags

CCSS.L.1.6

CCSS.L.3.6

CCSS.L.K.5A

2. Mrs. Rosalinda wants to buy a new stove and refrigerator, but she does not have enough money in her bank account to pay for one. Which of these is an option for Mr.s Rosalinda?

• She can use her debit card to buy her stove and refrigerator now.

• She can use her debit card at the ATM and withdraw money from her bank account.

• She can pay with a credit card and make monthly installments later.

• She can pay with a credit card and the money will be withdrawn from her bank account immediately.

4. When you don't pay in time, owing to much or all negative information that can affect your credit report. Which of these is the most number of years that this negative information will remain on a credit report?

• 15 to 18 years

• 11 to 14 years

• 3 to 6 years

• 7 to 10 years

8. The check register shows the transaction in Mr. Gonzalez's new check account. She opened the account on November 5th.

Based on the information in the check register, what is the balance in Mr. Gonzalez's register after the ATM transaction in November 10th?

• $6,539.50

• $2,578.50

• $478.50

• $930.50

Tags

CCSS.7.NS.A.3

Which account do you deposit your paycheck into?

• Cash

• Checking

• Credit

Using a credit card allows you to...

• put money into a savings account.
• purchase something now and pay for it later.
• take money directly from your checking account.

Which method of payment may you have to pay interest?

• Cash
• Check
• Debit Card
• Credit Card

What is a card that allows customers to electronically and immediately withdraw funds from their accounts, either in cash or to purchase goods or services?

• Credit card
• Debit card
• ATM (automated teller machine)
• Check

money subtracted from an account

• withdrawal
• deposit
• transfer
• balance

Tags

CCSS.5.NBT.B.7