1. Which situation describes the use of a
debit card?
A Nina bought an item and paid for it at
the end of the month.
B Nina mailed payment for an item and
the store deposited the payment into
its checking account.
C After entering a PIN to complete a
purchase, the amount was deducted
from Nina’s account.
D Nina deposited money into her
savings account.
2. Seth’s bank charges $5 a month to maintain a
checking account and $0.50 for each check Seth
writes. Last month, Seth paid a total of $6.50 in
checking account fees. How many checks did he
write?
A 1 C 3
B 2 D 4
3. Patty has a checking account at a local bank.
The monthly checking fee is $10, including any
checks she writes. Nonbank ATM withdrawals cost
$2. At the beginning of the month, Patty’s
checking account balance is $700. She deposited
$300 from her job and withdrew $20 in cash from a
nonbank ATM. She wrote a check for $100 to a
local charity. What is her checking account balance
at the end of the month?
A $958 C $728
B $868 D $658
4. Which of the following can have a negative effect
on your credit score?
A getting a new job
B making late payments
C paying credit card balances on time
D having low debts
5. Myra has been at her job for 3 months. She
earns $2,500 per month. She has made 1 late
payments on her student loan and 1 late payments
on her credit card. Which of the following is most
likely her credit score?
A 800 C 700
B 750 D 450
6. Joaquin is going to a college where the cost for
one year is $11,000. He has a scholarship worth
$5,000. He earns $200 a week at his job. How
many weeks does he need to work to pay for 50%
of the remaining amount?
A 15 C 25
B 20 D 30
7. Michelle is attending a university where tuition for
one year costs $17,000. She has a scholarship
worth $5,000 per year. She earns $2,000 per year
at her part time job. She plans to take out a loan to
cover the remaining tuition costs. If she completes
college in 4 years, how much money will Michelle
need to borrow?
A $20,000 C $40,000
B $30,000 D $50,000
8. Helen has an annual salary of $45,000. She
works 40 hours a week, 50 weeks a year. How
much does Helen earn per hour?
A $12 C $21
B $17.50 D $22.50
9. The annual median income for a registered
nurse is $65,000. The annual median income for a
registered dietitian is $54,000. Over 20 years, how
much more than a registered dietitian can a
registered nurse earn?
A $11,000 C $220,000
B $44,000 D $350,000
Personal Financial Literacy PRACTCE Test
Your LC will check your answers and review before you take your Triand Test for Personal Financial Literacy
10. Which of the following situations
describes using an ATM?
A Abby balanced her checkbook.
B Abby wrote an amount of money on a
piece of paper and gave it to a cashier
.
C Abby typed a PIN into a machine and
received cash.
D all of the above
11. Devin has a checking account at a local bank.
His bank charges $0.50 for each debit card
transaction. Last month, Devin paid $1.50 in debit
card fees. How many times did Devin use his debit
card?
A 2 B 3
C 4 D 5
12. Patty has a checking account at a local bank
where the monthly checking fee is $10, including
any checks she writes. Nonbank ATM withdrawals
cost $2.50. At the beginning of the month, Patty’s
checking account balance was $740.50. She
deposited $325 from her job and withdrew $75 in
cash from a nonbank ATM. She wrote a check for
$25 to donate to a local charity and transferred
$100 to her savings account. What is Patty’s
checking account balance at the end of the month?
A $955 C $745
B $853 D $685
13. Which of the following actions can improve your
credit score?
A owing more money than you earn
B losing your job
C paying your bills on time
D. buying a used car
14. Samantha saves at least 10% of the
money she earns at her job each month.
She earns $150 each month. Which
inequality describes the total amount
Samantha saves?
A s > 15
B s < 25
C s ≤ 10
D s ≥ 17.5
15. Paul is going to a college where tuition for one
year is $7,000. His parents will pay for $3,000. He
has a scholarship worth $2,000. Paul also earns
$100 a week at his job. How many weeks does
Paul need to work to pay for the tuition that is not
paid for by his parents and his scholarship?
A 20 B 30
C 50 D 60
16. Claire is going to a university where tuition for
one year costs $18,000. She has a scholarship
worth $5,000 per year. Claire also earns $500 per
year at her part-time job. She will take out a loan to
cover the rest of the tuition. How much money will
Claire have to borrow to pay her tuition for one
year?
A $10,700 B $12,500
C $17,200 D $19, 500
17. Eddie earns $49,000 a year. He works 35 hours
a week, 50 weeks a year. How much money does
Eddie earn per hour?
A $20 B $25
C $23 D $28
Personal Financial Literacy PRACTCE Test
Your LC will check your answers and review before you take your Triand Test for Personal Financial Literacy
18. A pet doctor earns $82,000 per year. A pet
doctor’s assistant earns $22,000 per year. Suppose
both a pet doctor and her assistant work for 10
years. How much more than her assistant does the
pet doctor earn ?
A $600 B $6000
C $60,000 D $600,000
19. Lacey is attending a university where
the cost for one year is $10,500. She has
a scholarship worth $6,000 and a grant
worth $900. She earns $45 a day at her job.
How many days does she need to work to
pay for 50% of the remaining amount?
A 40 C 60
B 50 D 80
20. Enter the following information into the check
register:
*Check 123 to Gloria’s Grill for $18.45 on
May 5
*Debit card purchase at Stan’s Shop for
$39.45 (no fees) on May 8
*ATM withdrawal of $20.00 ($1.50 ATM fee)
on May 14
*Deposit of $108.50 on May 15.
Balance the check register. What is the ending
balance?
A $128.64 B $253.14
C $ $237.14 D $160.64
1. C After entering a PIN to complete a purchase, the amount was deducted from Nina’s account.
2. B 2
3. C $728
4. B making late payments
5. D 450
6. B 20
7. C $40,000
8. B $17.50
9. C $220,000
10. C Abby typed a PIN into a machine and received cash.
11. B 3
12. A $955
13. C paying your bills on time
14. D s ≥ 17.5
15. B 30
16. A $10,700
17. D $28
18. C $60,000
19. A 40
20. C $237.14