Unit 11 Test Review

A customer has a checking account for 5 months and writes 3 checks for amounts greater than the checking account balance.

Which statement correctly compares the fees that Bank Q and Bank R will charge the customer?

• The total fees charged by Bank Q will be $10 less than those charged by Bank R.

• The total fees charged by Bank Q will be $22 less than those charged by Bank R.

• The total fees charged by Bank Q will be $4 less than those charged by Bank R.

• The total fees charged by Bank Q will be the same as those charged by Bank R.

Tags

TEKS.MATH.6.14A

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 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.

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

Tags

TEKS.MATH.6.14A

Which statement about debit cards and credit cards is NOT true?

• Interest is charged on debit card purchases.

• When a debit card is used for purchases, money is withdrawn directly from a bank account.

• The total amount of money that can be spent on credit card purchases depends on a customer's credit limit.

• When a credit card is used, money is borrowed.

Mr. Lloyd wants to buy a new television, but he does not have enough money in his bank account to pay for one. Which of these is NOT an option for Mr. Lloyd?

• He can use his credit card to buy the television now.

• He can save money and pay cash for the television at a later date.

• He can use his debit card to buy the television now.

• He can save money and use his debit card to buy the television at a later date.

A portion of Taquan's check register is shown. Before Taquan made his utility payment on March 24, the balance of his account was $1,094.80.

Based on the information in the check register, what was the balance of Taquan's checking account in dollars and cents after the transaction on March 29?

• $1,143.89

• $1,200.50

• $1,098.75

• $1,250.00

A portion of Raul's check register is shown. His checking account had a balance of $539.50 on April 2.

Based on the information in the check register, what was the balance of Raúl’s checking account after the transaction on April 13 in dollars and cents?

Which information is NOT included in a credit report?

• Late payments

• Number of credit cards

• High-school grades

• Previous employers

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

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

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

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

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

Ms. Versini applied for a car loan from a bank. Which statement best describes the importance of Ms. Versini’s credit report to the bank?

• The report shows the likelihood that Ms. Versini will pay back the entire loan on time.

• The report shows the highest level of education that Ms. Versini has reached.

• The bank gives higher interest rates to people with higher credit scores.

• The bank gives partial loans to people with strong credit.

Positive information can stay on your credit report for up to 10 years.

• True
• False