Choosing a Bank
Protecting your Credit
Paying for College
Credit or Debit
Careers
100
Seth’s bank charges $10 a month to maintain a checking account plus $0.50 for each check Seth writes. Last month, Seth paid $10.50 in checking account fees. How many checks did he write?
What is 1?
100
What can have a negative effect on your credit score?
What is making late payments?
100
Money you do not have to repay.
What is grants and scholarships?
100
Dennis bought a new sweater at the mall. He paid for the purchase later in the month, after receiving a monthly bill. Did he use a debit card or a credit card?
What is a credit card?
100
Oliver earns $800 per week. He works 25 hours a week. How much money does Oliver earn per hour?
What is $32?
200
Patty has a checking account at a local bank. Checking is free. Nonbank ATM withdrawals cost $2. At the beginning of the month, Patty’s checking account balance is $500. She withdraws $20 from a nonbank ATM. She writes a check for $100. What is the balance in Patty’s checking account at the end of the month?
What is $378?
200
What is the credit score range?
What is 300-800?
200
Joaquin is going to a college where the cost for one year is $10,000. He has a scholarship worth $5,000. He earns $500 a week at his job. How many weeks does Joaquin need to work to pay for the rest of his tuition?
What is 10 weeks?
200
The interest rate for a whole year (rather than monthly fee/rate) as applied on a loan, credit, or mortgage.
What is an annual percentage rate (APR)?
200
The annual median income for an electrical engineer is $90,000. The annual median income for a civil engineer is $82,000. Suppose an electrical engineer and a civil engineer both work for 10 years. Over that whole time period, how much more money than the civil engineer will the electrical engineer earn?
What is $80,000?
300
Max has a checking account at a local bank. The bank charges a monthly checking fee of $10. Nonbank ATM withdrawals are free. At the beginning of the month, Max has a balance of $1,000.00. He withdraws $100 using an ATM. He also writes a check for $500. What is Max’s balance at the end of the month.
What is $390?
300
Is spending more than a third of your income on debt repayment likely to have a positive or negative effect on your credit score? Explain.
What is negative?
300
Michelle is going to a college where the cost for one year is $15,000. She has a scholarship worth $5,000. She earns $2,000 per year at her job. She will take out a loan to pay for the remaining costs. How much money will Michelle need to borrow each year?
What is $8,000?
300
This is where you can get a free credit report with no annual fees?
What is www.annualcreditreport.com?
300
Henry earns $29,350 per year. He works 37.5 hours a week, 52 weeks a year. After receiving a raise of $500 per year, how much more does Henry earn per hour?
What is 0.26 cents?
400
Bianca’s bank charges $1.75 for nonbank ATM withdrawals and a fee of $3.50 per month for a debit card. Last month, Bianca paid $8.75 in ATM and debit card fees. How many nonbank ATM withdrawals did she make?
What is 3 withdrawals?
400
Susan has been at her job for 3 months. She earns $2,000 per month. She has made 5 late payments on her credit card. Which of the following is most likely her credit score? A) 800 B) 350 C)600
What is 600?
400
David is going to a college where the cost for one year is $10,000. He has a $2,000 grant and earns $400 a week at a work-study job. How many weeks does David need to work to pay for the remaining costs of his year at college?
What is 20 weeks?
400
The maximum amount you can be charged if your credit card is stolen and the thief runs up a total debt of $1,000.
What is $50?
400
The weekly median income for a registered nurse is $1,244. The annual median income for a registered dietitian is $53,944. If both work 52 weeks a year for 25 years, how much more than a registered dietitian can a registered nurse earn?
What is $268,600?
500
Max has a checking account at a local bank where checking is free for accounts with a balance above $1,250. If the account falls below $1,250, the bank charges a $10 maintenance fee. Nonbank ATM withdrawals cost $1.50. At the beginning of the month, Max has a balance of $1,355.00. He withdrew $25 per week for 3 weeks using nonbank ATMs. He wrote $515 worth of checks to purchase various items. Find Max’s checking account balance at the end of the month.
What is $750.50?
500
How many times can you check your credit report score for free?
What is 1 time per year?
500
Lucia is going to a college where the cost for one year is $20,000. She received a grant worth $5,000. She earns $1,000 per year at her job. She plans to take out a loan to cover the remaining costs. How much money will Lucia need to borrow each year in order to pay for college?
What is $14,000?
500
Name one of the 3 major credit reporting agencies.
What is Equifax, TransUnion, or Experian?
500
Allison earns $4,715 per month. She has been at her job for 5 years. She has never missed a payment on her credit card. Chris earns $1,825 per month. He has made 2 late payments on his credit card. He has car and student loan debts totaling $605 per month. Who is more likely to have a credit score of 720? Explain.
What is Allison?
M
e
n
u