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Financial Literacy Sixth Grade Flashcards | StudBud
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Financial Literacy Sixth Grade
What is lifetime income?
What is annual salary?
Financial Literacy Sixth Grade
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1
What is annual salary?
The amount of money a person earns in an hour
The amount of money a person earns in a year
The amount of money a person earns in a month
The amount of money a person earns in a day
2
What is lifetime income?
The amount of money you earn in a week
The amount of money you earn in a second
The amount of money you earn in a month
The amount of money you earn in a lifetime
3
Money awarded to studentsbased on achievement.
Scholarship
Money Gram
Credit Score
Loan
4
Job on campus or at localorganizations that pay towardtuition.
Credit Cards
Grant
Work-study program
Regular Job
5
What information can be found in a individuals credit accounts?
A person's favorite ice cream
A person's favorite school
Date a credit account opened
Person's Facebook Acct.
6
When you request credit from a lender these inquiries can stay on your report for how long?
5 years
1 year
10 years
2 years
7
Which of these describes information that can appear in a consumer’s credit report?
The amount of money the consumer loaned to a family member
The amount of money the consumer will need to borrow
The name of a store where the consumer pays cash
The name of a company that gave the consumer a car loan
8
Money awarded to studentsthat does not need to be repaid.
Check Register
Grant
ATM
Student Loans
9
When you use a ________ , you pay for your purchases later
Cash
Credit Card
Debit Card
ATM
10
Which of the following can have anegative effect on your credit score?
paying credit card balances on time
getting a new job
having low debts
making late payments
11
Which statement best describes purchases made with a debit card?
Purchases made with this card can be paid over time.
Purchases are withdrawn directly from a bank account.
Purchases made with this card are subject to interest.
Purchases made with this card are subject to a credit limit.
12
What other ways can you pay for college besides savings, grants, and scholarships?
With popcorn
With gum
Getting a job
Student loans
13
What information can be found in public records?
A person's favorite animal
Bankruptcy within the last 10 years
Unpaid tax liens
A person's favorite color
14
Money is withdrawn directly from a checking or savings account.
Debit Card
Bills
Check
Credit Card
15
What personal information can be found in a person's credit report?
A person's pet name
social security number
How much money a person spends in groceries
Date of birth
16
What is work study?
A job in space
A job outside of college
A person studying
A job in the college
17
Reasons why grants or scholarships are given
Subject major being pursued
Financial need
Athletic Performance
Academic Performance
