4.9A/4.9B/4.10A/4.10C/4.10D/4.10E

4.9A/4.9B/4.10A/4.10C/4.10D/4.10E

​Data, fixed and variable expenses, savings options, and financial institutions!

By ALEXIS BALBONI

Multiple Choice

What is data?

• The answer to a multiplication problem

• A collection of information that is gathered

• The answer to a word problem

• A way to write about a math problem

Multiple Choice

• 53

• 54

• 57

• 58

Multiple Choice

• A

• B

• C

• D

Multiple Choice

• A

• B

• C

• D

Multiple Choice

• F

• G

• H

• J

Open Ended

What is something you're excited about today?

Multiple Choice

Which of the following is NOT a reason that people deposit their money in bank accounts?

• F. Banks do not let people borrow money, so it is safer there.

• G. It is safer to keep the money in a bank than having cash in a house.

• H. Some bank accounts allow people to pay for purchases using checks or debit cards.

• J. Banks pay interest on the money people deposit in some types of accounts.

Multiple Choice

What are fixed expenses?

• Irregular expenses that change from week to week or month to month

• The amount of money in your bank account

• The amount of cash in your purse or wallet

• Expenses that stay the same from week to week or month to month

Multiple Choice

What are variable expenses?

• Irregular expenses that change from week to week or month to month

• The amount of money in your bank account

• Costs that do not fluctuate from week to week or month to month

• The amount of cash in your purse/wallet

Multiple Choice

Mrs. Smith is saving money to buy a car. At first she kept the money she saved at home, but then her husband persuaded her to deposit the money into an account at the bank. Which of the following is the best reason for Mrs. Smith to deposit the money into an account at the bank?

• A. The money is safer in the bank than at home.

• B. She can withdraw her money at any time.

• C. The bank is near her house.

• D. She will receive a checkbook in her favorite color.

Multiple Choice

Margot just bought her first pet, a rabbit she named Snowball! She also bought a large cage for Snowball.

Is the money Margot spent on her pet rabbit a fixed expense or a variable expense?

• Fixed Expense

• Variable Expense

Multiple Choice

The Brown family orders pizza from Eat Around Pizza on special occasions. Sometimes they add a side of wings, and sometimes they don't.

Is the money the Brown family spends at Eat Around Pizza a fixed expense or a variable expense?

• Fixed Expense

• Variable Expense

Multiple Choice

Tomorrow, Sabrina's parents will celebrate 25 years of marriage! Sabrina bought her parents a silver picture frame as a surprise.

Is the money Sabrina spent on the picture frame a fixed expense or a variable expense?

• Fixed Expense

• Variable Expense

Multiple Choice

Mrs. Huerta spent $53 at the grocery store last week. When she went grocery shopping this week, Mrs. Huerta only spent $39.

Is the money Mrs. Huerta spends grocery shopping a fixed expense or a variable expense?

• Fixed Expense

• Variable Expense

Multiple Choice

The Sterling family bought a new camper to tour some national parks. They took out a loan to buy the camper. Now, they pay the bank $350 each month for the loan.

Is the Sterling family's loan payment a fixed expense or a variable expense?

• Fixed Expense

• Variable Expense

Multiple Choice

The owner of Olga's Cookies paid each of her workers a bonus to celebrate the company's success. This was the first time she had paid them bonuses.

Is the money the owner paid as bonuses a fixed expense or a variable expense?

• Fixed Expense

• Variable Expense

Multiple Choice

Nellie works in a busy downtown office building. She rents a parking space in the building's parking garage. Nellie pays $200 each month whether her car is parked in the space or not.

Is the money Nellie pays for the parking space a fixed expense or a variable expense?

• Fixed Expense

• Variable Expense