Financial Literacy
2 years ago
nelsonn37
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17 QuestionsShow answers
  • Question 1
    30 seconds
    Q. True or False: Negative information stays on your credit report for 7-10 years.
    answer choices
    True
    False
  • Question 2
    30 seconds
    Q. A plastic payment card linked to a financial account and is used for transactions.
    answer choices
    Debit Card
    Credit Card
    Checking Account
    Savings Account
  • Question 3
    30 seconds
    Q. The actions of depositing and withdrawing money.
    answer choices
    Microtransactions
    Saving Money
    Transactions
    Shoe Laces
  • Question 4
    30 seconds
    Q. To put money into an account.
    answer choices
    Deposit
    Withdraw
    Savings for a chicken
    Interest for a cow
  • Question 5
    120 seconds
    Q. Which bank is better for me? I pay for lunch 20 times a month with my debit card. I do not write checks or use the ATM.
    answer choices
    State Bank
    Bank of Texas
  • Question 6
    120 seconds
    Q. What would be my monthly costs if I chose to bank at Bank of Texas and use my debit card 20 times to pay for lunch?
    answer choices
    $10.00
    $2.00
    $20.00
    $4.00
  • Question 7
    30 seconds
    Q. What is credit?
    answer choices
    Money allocated to a specific account for future use by the consumer without borrowing
    Goods, services, or money received in exchange for a promise to pay a definite sum of money at a future date
    The ability and willingness of an individual to pay back a loan as perceived by the lender
    An individual’s character, capital, capacity, collateral and conditions
  • Question 8
    30 seconds
    Q. Amount charged if your payment is received after the billing date
    answer choices
    late payment fee
    overdue fee
    withdrawal fee
    loser fee
  • Question 9
    30 seconds
    Q. Benefits of credit cards include:
    answer choices
    safe and convenient, bonuses are offered
    allows you to build a positive credit report
    needed for reservations and online shopping
    all of these
  • Question 10
    30 seconds
    Q. Your credit score is not configured off of which of the following:
    answer choices
    Payment history
    Amount owed
    GPA
    Length of credit history
  • Question 11
    30 seconds
    Q. What is the starting balance on this check register?
    answer choices
    4720.33
    4500.00
    4500.75
    4320.00
  • Question 12
    30 seconds
    Q. What was the balance of the account at the end of the day on 7/24?
    answer choices
    4720.33
    4320.03
    5091.15
    4500.75
  • Question 13
    30 seconds
    Q. Besides tuition, most colleges also charge their students for...
    answer choices
    room & board
    extra fees
    books
    all of the above
  • Question 14
    30 seconds
    Q. Scholarships and grants are available for many college students, and they...
    answer choices
    have deferred payment
    give students a job to help pay
    don't have to be paid back
    have a low interest rate
  • Question 15
    30 seconds
    Q. What degree provides the highest earning potential in pay?
    answer choices
    High School  Diploma
    Associate's Degree
    Undergraduate Degree
    Master's Degree
  • Question 16
    30 seconds
    Q. If a person with a master's degree earns 30% more than someone with an undergrad degree, what would Susie make if she got her master's and she makes $50,000 now?
    answer choices
    $166,666
    $65,000
    $50,030
  • Question 17
    30 seconds
    Q. True or False: The number of times a DEBIT card is used is on a credit report.
    answer choices
    True
    False
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