stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Unit 11 Financial Literacy Flashcards | StudBud
Explore
/
Unit 11 Financial Literacy
Unit 11 Financial Literacy
15 terms
·
StudBud Administration
·
124 plays
Imported from external platform
Flashcards
15 cards
F
Practice quiz
P
Host live
L
Questions
15
Answers
1
She opened this on October 3. Based on this, what is the balance in her account after the ATM transaction on Oct 11?
$2,095.00
$1,505.00
$3,600.00
$5,105.00
2
These are average salaries for 4 jobs. How much more would an elevator tech than a librarian over 10 years?
$17,493
$1,263,070
$126,307
$174,930
3
Which of these describes information that can appear in a consumer's credit report?
The amount of money the consumer will need to borrow in the next five years
The name of the company that gave the consumer a car loan 2 years ago
The amount of money that the consumer loaned a family member
The name of the store where the consumer pays cash for all purchases
4
Explain why it is important to establish a positive credit history.
So you can get a loan for a car, house, any big purchase in the future
So you can go to college for free
So you will have a good income
So you can get a good job eventually
5
The table shows the monthly fees for the checking accounts at two banks. Which is best supported by the information?
The fee at Bank Y will always be less than the fee at Bank Z
The fee at Bank Y will be more than the fee at Bank Z when balance is more
The fee at Bank Y will be more at Bank Z when the checking balance is less
The fee at Bank Y will always be more than the fee at Bank Z
6
Based on these average salaries, how much more would an accountant earn than a tax preparer over a 30-year period?
$3,382,200
$880,200
$1,251,000
$112,740
7
Riley had help during college. After he graduates, he has to pay it back with interest. What did he receive?
Scholarship
Student Loan
Work-Study
Savings Plan
8
Raul's register is shown. His checking account had a balance of $539.50 on April 2. What is his balance on April 13th?
$480.25
$535.25
$559.00
$425.25
9
Twenty students ordered a hamburger and a drink. Hamburgers cost $3.25, drinks cost $1.15 each, what was the total?
$65.00
$78.88
$45.00
$88.00
10
Mr. Lloyd wants to buy a new tv, but doesn't have enough $ in his account to pay for it. Which of these is NOT an option
He can use his credit card to buy the television now
He can save money and pay cash for the television at a later date.
He can save money and use debit card to buy the telelvision at a later date
He can use his debit card to buy the television now
11
Based on this, how much more would you make with a master's degree than a bachelor's degree over a 35 year period?
$126,770
$402,500
$11,500
4,434,500
12
Which statement best describes purchases made with a debit card?
Purchases mase with this card are withdrawn directly from bank account.
Purchases made with this card are subject to interest
Purchases made with this card are subject to credit limit.
Purchases made with this card can be paid over time.
13
Sometimes negative information to be put on their credit reports. Which is likely the number of years it will stay on ?
3 to 6 years
7 to 10 years
11 to 14 years
15 to 18 years
14
Based on this table. How much more would you earn with an associates than a high school diploma over 10 years?
$747,240
$74,724
$6,916
$69,160
15
Nina started the day with a balance of $487.25, what was her balance at the end of the day? ( 1 withdraw, 1 deposit)
$487.25
$414.75
$429.75
$419.25
