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Financial Literacy
Financial Literacy
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Financial Literacy 5th Grade Math 5.10A, B, C, D, E and F
Flashcards
17 cards
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Practice quiz
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Questions
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Answers
1
Which method of payment does NOT let you spend more than you have?
Cash
Debit Card
Credit Card
Check
2
Which is NOT an disadvantage of paying by check?
You can spend more money than is in your checking account.
You may be charged bank fees.
It is safe to send in the mail.
It takes time to fill out while people are waiting.
3
What is Ms. Lynch's net income for the year?
$24,588
$31,309
$32,531
$39, 252
4
Corey wants to save $15 each week. How much more will he have to earn each week?
$20.00
$15.00
$4.50
$10.50
5
Which of the following can Nathan NOT afford to do each week if he wants to balance his budget?
Download 12 digital songs at $0.99 each
Buy five newspapers at $2.25 each
Save $10
Buy three fruit smoothies at $4.99 each
6
How much is her net income if her gross income is $580?
$540
$464
$696
$116
7
How much do they pay each month for their house payment and property tax combined?
$978.50
$1,024.00
$1,128.00
$987.50
8
What was Victor's net income?
$354.75
$362.25
$374.25
$364.75
9
Which of the following is NOT an advantage of using cash to pay for something in a store?
Your bank gives you a record of money spent
You cannot spend more than you have
You will not have to pay interest
It's quick if other people are waiting
10
What did he pay for both the phone and the charger, including sales tax? Tax is 0.08
$118.50
$126.50
$127.98
$96.12
11
Corey wants to buy a wall decoration that costs $39. How many weeks does he need to save?
1 week
3 weeks
4 weeks
2 weeks
12
Which is the most reasonable way to buy a terrarium and still balance her budget?
She can save $5 more each week.
She can cut her expenses.
She can borrow money.
She can increase her income.
13
How much did Zach pay for the hat including sales tax?
$23.23
$23.32
$23.38
$22.32
14
What is his gross income?
$245.70
$50.70
$163.80
$204.75
15
Is there enough money in her checking account to cover the two checks?
Yes, the total of checks are $152.59
No, the total of the checks are 162.59
Yes, the total of the checks are $162.59
No, the total of the checks are 152.59
16
Which is NOT an advantage of using a debit card to pay for something?
It works like an electronic check
You get a record of what you spend
It may not be accepted as a method of payment in all places
It is fast and easy
17
What is the best reason for writing and mailing a check rather than sending cash?
It is impossible to spend more than is in a checking account
It is cheaper to send a check through the mail than cash.
There are no bank fees for sending a check.
It is safer to send a check through the mail than cash.
