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6th Grade Financial Literacy Flashcards | StudBud
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6th Grade Financial Literacy
6th Grade Financial Literacy
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Pre-assessment of the 6th Grade Financial Literacy TEKS. #6thgrademath #financialliteracy
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
Al annual salary of $48,000. He works 50 weeks, 40 hr/wk. How much per hour is earned?
$28
$26
$22
$24
2
Who guarantees your bank deposits up to $250,000?
APR
ATM
My Bank
FDIC
3
Which of the following can be used to deduct funds automatically from a checking account?
Gift Card
Debit Card
Personal Check
Credit Card
4
Money is subtracted from a bank account through a(n)
Debit Card Purchase
ATM Withdrawal
Writing a Check
All of the Above
5
The cost for Abe's college is $12,000. Loan is $5500 and grant is $2000. How much is left?
$5000
$5500
$4500
$6000
6
Your checking account is $457.16. You write a check for $45.76 at Kroger. What's the balance?
$502.92
$411.40
$501.40
$407.16
7
The maximum amount of credit extended to you by a bank or credit card issuer is called the
maximum payment
interest rate
finance charge
credit limit
8
The lowest amount you must pay toward your credit balance each month is called
monthly fee
minimum payment
finance charge
opportunity cost
9
Which has a negative effect on your credit score?
having a low debt-to-earning ratio
having a steady job
paying bills on time
losing your job
10
Which of the following can have a positive effect on your credit score?
owning a home
having a high debt-to-income ratio
being evicted from your home
skipping a credit card payment
11
What is an ATM?
Automatic Teller Machine
Accessible Teller Money
Anytime Teller Machine
Anywhere Tender Mechanism
12
Which of the following will make it less likely for you to be approved for a home loan?
low debt-to-income ratio
on time credit card payments
low credit score
good work record
13
A check/debit card transaction in an amount over the total on deposit in a bank account is a(n)
Withdrawal
Deposit
Debit
Overdraft
14
Your savings has $254.50. You deposit $125 birthday money and $60 babysitting money. Balance?
$314.50
$374.50
$185
$379.50
15
Ty purchased an item with a plastic card and paid for it when the bill came in the mail.
credit card
ATM
check
debit card
16
The cost for Jan's college is $16,500. Loan is $8500 and grant is $2500. How much is left?
$6000
$5000
$5500
$4500
17
Em's bank charges $3 for nonbank ATM withdrawals & $2.50/month for debit card. 3 nonbank WD?
$8.50
$9
$11.50
$5.50
18
If you do NOT have an outstanding balance on your credit card, you are eligible for a
grace period
credit limit
service charge
minimum payment
19
Lee bought clothes & paid with a plastic card. The total was deducted from his checking acct.
check
credit card
debit card
gift card
20
A PIN is used to
Access private financial information
Secure your debit card purchases
All of the above
Complete a banking transaction
