An electronic card issued by a financial institution that allows a customer to access their account to withdraw cash or pay for goods and services.
What is a debit card?
100
Information about how a consumer has borrowed and repaid debt.
What is a credit history.
100
A monetary award to a student to support their education and is based on their achievements?
What is a scholarship?
100
Oliver earns $800 per week. He works 25 hours per week. How much money does Oliver earn per hour?
$32 per hour
200
An account at a financial institution that allows for withdrawals and deposits.
What is a checking account?
200
Sarah has a bank account that charges $2 for nonbank ATM withdrawals. Last month, Sarah paid $12 in ATM fees. How many nonbank ATM withdrawals did she make?
6 withdrawals
200
Which of the following can have a negative effect on your credit score? A. Having low debt B. Making late payments C. Paying debt on time
Making late payments
200
Ann's college will cost $15,000 per year. She has a scholarship worth $5,000, and she earns $2,000 per year at her job. How much will she need to borrow to cover the remaining cost?
$8,000
200
The annual median income for an electrical engineer is $90,000. The annual median income for a civil engineer is $82,000. How much more money than the civil engineer will the electrical engineer earn over a 10 year period?
$80,000
300
A number based on information in a consumer's credit report that measures a consumer's credit worthiness.
What is a credit score?
300
Patty's checking account balance is $500. Nonbank ATM withdrawals have a $2 fee and she withdrew $20 from a nonbank ATM. She also wrote a check for $100. What is her balance now?
$378
300
Myra has had her job for 3 months and earns $2000 per month. She has had 5 late payments on her credit card. What could her credit score be? A. 800 B. 700 C. 600
600
300
Lucia will go to a college where the cost for one year is $20,000. She received a grant worth $5,000, and she earns $1,000 per year at her job. How much will she need to borrow to cover the remaining cost for one year?
$14,000
300
The annual median income for a registered nurse is $65,000. The annual median income for a dietician is $54,000. How much more can the registered nurse earn over a 10 year period?
$110,000 more
400
A report containing detailed information on a person's credit history.
What is a credit report.
400
Mark has $54.78 in his checking account and needs to buy new basketball shoes before the game. The shoes will cost $80. Which card could he use?
A credit card because the cost of the purchase is more than he has in his account.
400
Name the three types of information that are found on a credit report.
Employment information, Personal information and Credit History
400
Name five ways to help pay for college.
Possible answers:
Grants, Scholarships, Loans, Work-Study Programs,
Savings, Get a job
400
Henry earns $1,000 per week. He works 50 hours a week. How much does Henry earn per hour?
$20 per hour.
500
A program in which students are able to work at jobs on campus to make money to pay for college tuition.
What is a work-study program?
500
Name three types of transactions that would be entered into a check register.
Possible answers:
Deposits, Checks. ATM withdrawals, Bank fees
500
If John earns $1500 per month at his job and he makes monthly payments on his credit card and student loan totaling $180, what is his debt-to-income ratio? (%)
His debt-to-income ratio is 12%
500
Joaquin is going to college where the cost is $10,000 per year. He has a scholarship worth $5,000 and he earns $500 a week at his job. How many weeks does he need to work to pay the remaining cost of tuition?
10 weeks
500
Joel has an annual salary of $34,840. He works 40 hours a week, 52 weeks a year. How much does Joel earn per hour?