Financial Literacy Review

Front

Expenses that happen each month and are about the same amount.

Back

Fixed Expenses

Tags

CCSS.5.OA.B.3

Front

Expenses that don't happen each month, or the price of the items or services change. They do not stay the same. The cost changes.

Back

Variable Expense

Front

Classify: House rent or monthly payment (Options: Fixed expense, variable expense)

Back

Fixed expense

Front

Monthly grocery bill: Fixed expense or Variable expense?

Back

Variable expense

Front

Money that you receive for a job.

Back

Income

Tags

CCSS.L.3.4D

CCSS.L.2.4E

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

Front

Monthly gym membership: Fixed Expense or Variable Expense?

Back

Fixed Expense

Front

Ms. Cash wants to borrow $13,750 to buy a car. Which type of institution is most likely to lend her the money? Options: Bank, Insurance Company, University, Hospital

Back

Bank

Front

Why do many people deposit some or all of their money at banks?

Back

They want to keep their money in a safe place.

Front

Justin paid $150 for an electric scooter and $300 for a motorcycle. If he sells both to his friend for $700, how much profit will he earn?

Back

$250

Tags

CCSS.3.OA.D.8

Front

A benefit to saving money in a basic savings account is:

• the money is insured and therefore safe
• you might make a small amount of interest
• you can withdraw the money at anytime
• all of these answers are correct

Back

all of these answers are correct