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Personal Financial Literacy

  •  English    18     Public
    Grade 6 - Math game based on personal financial literacy
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  • What facts would you consider when deciding where to open a bank account?
    ........
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  • What was my profession previous to teaching?
    Aeronautical Engineer
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  • Which education level has the highest median earnings?
    Doctoral or Profesional Degree
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  • Name two methods to pay for third level education.
    .......
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  • Name two ways you can build a good credit score.
    .......
  •  15
  • Where is the Giant's Causeway?
    Ireland (Northern Ireland)
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  • How long is information kept on a credit report?
    7 years
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  • Explain how a credit score can affect a loan from a bank.
    High credit score will lead to the lowest interest rates. Low credit score will lead to highest interest rates or refusal of a loan.
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  • What is a credit report and what is it used for?
    .....
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  • What is a transfer?
    When money is moved from one account to another.
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  • Name one way money can be withdrawn from an account.
    ATM / Bank Teller / Write a check
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  • A deposit is when money is taken out of an account.
    False
    True
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  • What age am I?
    30 years old
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  • Name one advantage and one disadvantage of using a credit card.
    .......
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  • How do you calculate simple interest?
    Principal x Interest Rate x Time
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  • What is interest?
    Interest is a fee that is either payed or received when borrowing money or saving in a bank.
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