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Financial Literacy Review Flashcards | StudBud
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Financial Literacy Review
Financial Literacy Review
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1
Based on the transactions, what was the balance in the account after eating out on 6/6?
$751.75
$730
$780
$28.25
2
Piper saw that a CD makes $13,560 less than an engineer. If an engineer makes $73,400, how much will a CD get in 20 yrs?
$110,680
$59,840
$1,196,800
$598,400
3
Which of the following would be found on a credit report?
Number of kids
Late payments
Full SSN
Place of birth
4
A debit card receives interest at the end of the month with a bill.
False
True
5
Which of the following statements best supports the information?
Shelby should choose Star Bank because it has no fees.
Shelby should choose Star Bank if she normally has $800.
Shelby should choose First Bank because the fees are the same.
Shelby should choose First Bank because the fee is $10.
6
Mackenzie attended college and received financial aid to help with the cost. She filled out a FAFSA.
Student Loans
Savings
Grant
Scholarship
7
Which of these is not a debit card?
Gabe buys a present for his GF, but his card gets declined.
Rylie buys groceries for the week. She gets a bill at the end of the month.
Micah bought takis and it was immediately taken out of her account.
Kaylee buys a book and types in a pin when checking out.
8
Mrs. Bowermeister is looking to get a loan for a house. What's something the company is looking for in her credit report
To find the likelihood of Mrs. Bowermeister paying back the loan.
If Mrs. Bowermeister can keep her house clean.
To determine if Mrs. Bowermeister can afford the payments.
To determine how much Mrs. Bowermeister earns
9
Steven is looking into some potential jobs. How much more will he make as a vet; $52,940 than a barista; $21,830?
$48,890
$31,110
$311,100
$74,770
10
What is the difference between a scholarship and a grant?
A scholarship must be paid back but a grant doesn't.
A grant must be paid back and a scholarship doesn't.
A grant is for financial need, while a scholarship is for skills, grades.
A scholarship is for financial need, while a grant is for skills.
