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Financial Literacy MM Flashcards | StudBud
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Financial Literacy MM
Financial Literacy MM
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Flashcards
16 cards
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Questions
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Answers
1
Which of the following students below will qualify for a grant?
All three
Ruby only
Ruby and Jack only
Jack and Quintin only
2
Which of the methods below van Lucas apply for soley based in his financial need?
student loan, work-study
work-study, student loan, grant
Scholarship, grant, student loan
grant, work-study
3
Which of the following situations does NOT describe the use of a credit card?
B
A
C
4
Based on the information, how much more will the accountant earn than the paralegal over a 15- year career?
$279, 750
$18, 650
$742, 500
$1, 200, 250
5
Which of the following does NOT describe the benefits of establishing a positive credit history on your credit report?
A
D
C
B
6
Which account balance below will result in Bank B being a better financial choice?
$800
$900
$450
$300
7
Fiona forgot to record the cost of the dry cleaning on 6/7. How much did she spend at the dry cleaner?
$763.25
$30.50
$16.75
$15.75
8
If the median salary of an engineer is $73,400, then how much will a public communications director make over 20 years?
$ 271,200
$86, 960
$1, 196, 800
$1, 468, 000
9
How much more will he earn as a veterinary tech than a barista for the four years he is in school?
$12, 860
$51,440
$10, 260
$41, 040
10
Which description is the best representation for the missing detail?
Purchases are paid back over time or at a later date
Purchases must be paid in a one time payment
Purchases are unlimited in funds
Purchases are subject sto a credit limit
11
What is the differenct between a grant and a scholarship?
A
C
D
B
12
Which of the following statements best supports the information?
Mr. Hernandez should choose First Bank because the fee is just $10
Mr. Hernandez should choose First Bank because the fees are the same.
Mr. Hernandez should choose Star Bank if normally has $800 in his account
Mr. Hernandez should choose Star Bank because it has no fees.
13
Based on the transcactions, what was the balance in Fiona's account after she deposited her birthday gift on 6/41?
$430
$780
$690
$340
14
Which of the following would be found on a consumer's credit report?
Whether or not the consumer is approved for a loan
The number of children the consumer has
A savings account balance
Whether or not the consumer has made any late payments
15
Which of the following best represents a withdrawal from a checking account?
You receive a check for your birthday and go to the bank to cash the check
You go the ATM and get cash
You move money from your checking account to your savings account
You take your paycheck to the bank and put it in your account
16
Which statement best describes why the mortgage company is requesting to check her credit?
B
C
D
A
