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Topic Review: Personal Financial Literacy

Quiz by Texas Education Agency

Grade 6
Mathematics
Texas Essential Knowledge and Skills (TEKS)

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Measures 5 skills from
Grade 6
Mathematics
Texas Essential Knowledge and Skills (TEKS)

6.14.A: Personal Financial Literacy
6.14.H: Personal Financial Literacy
6.14.C: Personal Financial Literacy
6.14.B: Personal Financial Literacy
6.14.E: Personal Financial Literacy

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9 questions
Show answers
  • Q1
    The table shows the monthly fees for the checking accounts at two banks. Which statement is best supported by the information in the table?
    Question Image
    The fee at Bank Y will always be more than the fee at Bank Z
    The fee at Bank Y will be more than the fee at Bank Z only when a customer’s balance ismore than $500.
    The fee at Bank Y will be more than the fee at Bank Z only when the checking accountbalance is less than $500.
    The fee at Bank Y will always be less than the fee at Bank Z.
    60s
    6.14.A: Personal Financial Literacy
  • Q2
    The table shows the average annual salary for four jobs. Based on this information, how much more will an elevator technician make than a librarian over 10 years?
    Question Image
    $17,493
    $174,930
    $126,307
    $1,263,070
    60s
    6.14.H: Personal Financial Literacy
  • Q3
    Before Nina bought groceries on April 22, she had a balance of $487.25 in her checking account. Nina wrote her transactions in her check register. She included all her transactions through the end of the day on April 23. Based on the transactions in Nina’s check register, what is the balance in dollars and cents in her checking account at the end of the day on April 23?
    Question Image
    $547.75
    $399.75
    429.75
    $574.75
    60s
    6.14.C: Personal Financial Literacy
  • Q4
    Which statement best describes purchases made with a debit card?
    Purchases made with this card can be paid over time.
    Purchases made with this card are withdrawn directly from a bank account.
    Purchases made with this card are subject to a credit limit
    Purchases made with this card are subject to interest.
    60s
    6.14.B: Personal Financial Literacy
  • Q5
    The check register shows the transactions in Ms. Garcia’s new checking account. She opened the account on October 3. Based on the information in the check register, what is the balance in Ms. Garcia’s check register after the ATM transaction on October 11?
    Question Image
    $1,505
    $5,105
    $2,095
    $3,600
    60s
    6.14.C: Personal Financial Literacy
  • Q6
    Which of these describes information that can appear in a consumer’s credit report?
    The amount of money the consumer will need to borrow in the next five years
    The name of a store where the consumer pays cash for all purchases
    The name of a company that gave the consumer a car loan two years ago
    The amount of money that the consumer loaned to a family member
    60s
    6.14.E: Personal Financial Literacy
  • Q7
    The table shows the average annual salary in dollars based on the minimum level of education required for two occupations. Based on the average annual salaries in the table, how much more would an accountant earn than a tax preparer over a 30-year career?
    Question Image
    $880,200
    $112,740
    $1,251,000
    $3,382,200
    60s
    6.14.H: Personal Financial Literacy
  • Q8
    Mr. Lloyd wants to buy a new television, but he does not have enough money in his bank account to pay for one. Which of these is NOT an option for Mr. Lloyd?
    He can save money and pay cash for the television at a later date
    He can save money and use his debit card to buy the television at a later date.
    He can use his debit card to buy the television now.
    He can use his credit card to buy the television now.
    60s
    6.14.B: Personal Financial Literacy
  • Q9
    Yvonne is researching the effect of education on annual income. A summary of her research is shown in the table. Based on the data in the table, how much more does a person with an associate’s degree earn than a person with only a high school diploma over 10 years?
    Question Image
    $6,916
    $747,240
    $69,160
    $74,724
    60s
    6.14.H: Personal Financial Literacy

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