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Personal Financial Literacy - 6th Grade Oakwood Flashcards | StudBud
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Personal Financial Literacy - 6th Grade Oakwood
Personal Financial Literacy - 6th Grade Oakwood
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Questions
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Answers
1
Mrs. Ashcraft makes all of her credit card payments on time and keeps her balance low.
Won't effect her credit score
It will lower her credit score.
It will increase her credit score.
2
Negative credit actions will usually remain your credit report for only 7 years.
True
False
3
Allows payments to be made in the future.
Debit Card
Credit Card
4
Take out a student loan to pay for college.
Positive Credit History
Negative Credit History
5
Question is in the picture.
$50,000
$52,000
$13,000
$17,000
6
Calculate the lifetime incomes of an engineer and a mathteacher. Assume a career of 25 years.
Engineer: $1,003,500 Teacher: $1,058,500
Engineer: $2,003,500 Teacher: $2,058,500
Engineer: $80,140 Teacher: $42,340
Engineer: $2,003,500 Teacher: $1,058,500
7
Always pay your credit card and keep a low balance.
Positive Credit History
Negative Credit History
8
Question in the picture.
$38,400
$26,400
$17,000
$59,400
9
The purchase amount is immediately removed from a linked account, such as a checking account.
Credit Card
Debit Card
10
Interest might be charged on the borrowed amount if the amount is not fully repaid.
Credit Card
Debit Card
11
Allows the user to withdraw cash.
Debit Card
Credit Card
12
Paying bills on time.
Positive Credit History
Negative Credit History
13
Borrow more money than you can repay.
Negative Credit History
Positive Credit History
14
Question in the picture.
P. McMahon & F. Rodriquez
K. Simmons & J. Byrnes
K. Simmons & F. Rodriquez
J. Byrnes & K. Simmons
15
Question in the picture.
$16,500
$8,000
$4,500
$21,500
16
Who will have the lower credit score?
M. Gibson
T. Wilson
