Intro to Financial Literacy

Question 1

Mrs. Cooper's _____________ was lower than 580, so no one would lend her money.

Accepted Answer

credit score

Question 2

Thanks to his black belt and unique talent for the banjo, Asher earned a ______________ .

Accepted Answer

scholarship

Question 3

Brooke moved $1,000,000 from savings to checking to buy her best friend a gift. This is called ___

Accepted Answer

transferring funds.

Question 4

You should always be aware of your ____________ before spending money on something.

Accepted Answer

checking balance

Question 5

Savannah's checking account balance was so low, she had to _________ money from her savings.

Accepted Answer

transfer

Question 6

If you apply for a credit card, they usually want to check your ____________ first.

Accepted Answer

credit history

Question 7

Negative information stays on your _________ for _____ years.

Accepted Answer

credit report; 7

Question 8

Credit cards usually carry very high _____________.

Accepted Answer

interest rates

Question 9

How many credit cards should a person who is financially literate have?

Accepted Answer

1 or 2

Question 10

Many adults keep track of their money by logging all transactions in a __________________.

Accepted Answer

check ledger

Question 11

Max bought toilet paper with his debit card. That money gets pulled from his ________.

Accepted Answer

checking account

Question 12

_______ or more is considered a good credit score.

Accepted Answer

700

Question 13

______________ allow you to pay for items in installments over time.

Accepted Answer

credit cards

Question 14

The amount of money you receive after paycheck deductions is called your...

Accepted Answer

net pay

Question 15

Writing a check for more than what's in your checking account will usually lead to ___________.

Accepted Answer

an overdraft fee

Question 16

What do most checks have printed in the upper right-hand corner?

Accepted Answer

check number

Question 17

Billy spent $80 at Chuck E. Cheese, but only had $20, so he was charged _____________.

Accepted Answer

an overdraft fee

Question 18

Avery has a high credit score, so ____________ consider her a good risk.

Accepted Answer

lenders

Question 19

People who consider giving you money are called:

Accepted Answer

lenders

Question 20

____________ must be paid back with interest.

Accepted Answer

student loans

Questions 20