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Financial Literacy - 6th grade Flashcards | StudBud
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Financial Literacy - 6th grade
Financial Literacy - 6th grade
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Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
Which actions will NOT help a person establish a positive credit report?
Making you payments on time
Keeping your balances low on what your credit cards
Paying off your balance on your credit cards
Using all the money on your credit cards
2
This is not your money and you need to pay it back if you use it (like a loan).
Debit Card
Credit Card
Warrior Bucks
Lonestar Card
3
The money from the debit card comes from your?
Checking Account
Moms purse
Credit Check
Credit Card
4
Bad information on your credit report can stay on there for up to how long?
FOREVER
5 years
NEVER
10 years
5
This is your money and you can only use what is in it.
Loan/Grant
Credit Score
Checking/Debit
Debit/Credit
6
I can use this instead of a debit card and the money comes out of my checking account.
Coins
Bills
Checks
Register
7
True/False: Overdraft means I have used more money than I have available in my checking account
False
True
8
Which is true about a credit score?
Credit Karma is not free
Making late payments raises it
A low score could be the reason someone doesn't hire you
I don't need to care about it
9
Who might NOT look at your credit score to make a decision about you?
Mom
Car dealership
Apartment owner
Job
10
Which one of these has to be paid back when you are paying for college?
Scholarships
Work-study
Grants
Loans