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Financial Literacy Practice Flashcards | StudBud
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Financial Literacy Practice
Financial Literacy Practice
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Pre-assessment of the 6th Grade Financial Literacy TEKS. #6thgrademath #financialliteracy
Flashcards
10 cards
F
Practice quiz
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Host live
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Questions
10
Answers
1
A PIN is used to
All of the above
Complete a banking transaction
Access private financial information
Secure your debit card purchases
2
What is an ATM?
Automatic Teller Machine
Anytime Teller Machine
Accessible Teller Money
Anywhere Tender Mechanism
3
A debit card transaction in an amount over the total in a bank account makes your account
Overdrawn
Debit
Withdrawal
Deposit
4
Which option for college do you have to pay back?
grant
scholarship
student loan
work study
5
The smallest payment allowed each month on your credit card balance is called a _______.
service charge
grace period
minimum payment
credit limit
6
A lender is LESS likely to give a low interest rate to someone with a ___________credit score.
high
low
7
Money is subtracted from a bank account through a(n)
All of the Above
ATM Withdrawal
Writing a Check
Debit Card Purchase
8
After using this card, interest is charged on unpaid balances.
Credit card
Debit card
9
The lowest amount you must pay toward your credit balance each month is called
monthly fee
minimum payment
finance charge
opportunity cost
10
Which of the following can be used to deduct funds automatically from a checking account?
Debit Card
Gift Card
Personal Check
Credit Card
