
Financial Concepts and Operations

Interactive Video
•
Mathematics, Business, Life Skills
•
5th - 6th Grade
•
Hard

Thomas White
FREE Resource
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8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a positive number signify in a financial context?
A deposit into an account
An unpaid debt
A withdrawal from an account
A loan taken from a bank
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following represents a withdrawal?
Paying off a loan
Receiving a paycheck
Adding money to a savings account
Taking money out of an account
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do the rules for adding and subtracting signed numbers apply to money?
They only apply to positive amounts
They only apply to negative amounts
They apply to both positive and negative amounts
They do not apply to financial transactions
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What symbol is conventionally used to represent debt?
A division sign
A positive sign
A negative sign
A multiplication sign
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you owe $17, how much do you need to pay to clear the debt?
$0
$7
$17
$34
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term used for the opposite of a number in financial contexts?
Multiplicative inverse
Subtractive inverse
Divisive inverse
Additive inverse
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is true about deposits and withdrawals?
Deposits are represented by negative numbers
Withdrawals are represented by positive numbers
Deposits are represented by positive numbers
Withdrawals have no numerical representation
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can you quickly find out how much money is needed to reach a zero balance?
By ignoring the debt
By multiplying the debt by two
By using the additive inverse
By adding more debt
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