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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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1
A free application used to determine if you qualify for federal student aid is called:
FAFSA
Grant
Scholarship
Work Study
2
Joe moved money from his checkings to savings account. What type of transaction did he make?
Transfer
Deposit
Interest
Withdrawal
3
Answer the following question.
Transaction
Overdraft Fee
Check Return Fee
Interest
4
What does it mean to live within your means?
Go on a shopping spree.
Never buy anything.
Do not spend money that you do not have.
Spend ALL your money!!!
5
When you put money IN your bank you are making a:____________?
Withdrawal
Transfer
Deposit
ATM
6
Kayla uses her debit card frequently and never writes a check. What is the best bank for her?
Transnational Bank
Hometown Bank
First City Bank
7
Credit, Debit, OR Both?
CREDIT
DEBIT
BOTH
8
A student aid program that provides a part time job while in school to help pay expenses is called:
work study
student loan
grant
scholarship
9
Your credit score is based on your credit history from the last...
7-10 years
12-15 years
however many years you've been alive.
2-5 years
10
The money you earn from your job over a full year is called:
FAFSA
a grant
annual salary
a scholarship
11
Credit, Debit, OR Both?
CREDIT
BOTH
DEBIT
12
A degree typically earned after 4 years of college is called:
doctorate
bachelor's degree
master's degree
associate's degree
13
You are making a ____________ when you take money OUT of your bank account.
ATM
Tranfer
Deposit
Withdrawal
14
Answer the following question
Transaction Fee
Interest Fee
Overdraft Fee
Negative Balance Fee
15
Answer the following question.
Canceled check
ATM fee
Overdraft fee
Cash back fee
16
Financial aid based on NEED that does NOT require repayment is called:
scholarships
loans
grants
17
Credit, Debit, OR Both
BOTH
DEBIT
CREDIT
18
A ______________ is a log that helps to keep track of all of your transactions.
Check Register
Credit Card Bill
Balance Sheet
A Check
19
Answer the following question.
$25
$15
$22
$73
20
An overdraft fee is money you pay when you spend _______ money than you have in your account.
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