FinancialLiteracyHISD3.01

​TEKS 4.10A distinguish between fixed and variable expenses (S)
TEKS 4.10B Calculate profit in a given situation (S)
TEKS 4.10E describe the basic purpose of financial institutions, including keeping money safe, borrowing money, and lending (S)

Sum or Difference

​Find the sum or difference in standard form.

1- 54 tenths + 2 hundredths =

2- 67 hundredths - 2 tenths =

3- 43 tenths + 5 tenths =

4- 78 hundredths - 2 hundredths =

​3 minutes

Drag and Drop

A

Placeholder

occur regularly and remain the same.

A ​

Placeholder

vary or change  depending on a person's need.

Drag these tiles and drop them in the correct blank above

fixed expense

variable expense

Multiple Choice

Sheila works as a waitress. She drives her car to work, run errands, and visit family and friends. Sheila uses some of her money to put gas in her car. What type of expense is putting gas in her car?

• Variable expense

• Fixed expense

Multiple Choice

Evelyn lives in a house. The table shows some of the expenses that Evelyn paid for three months to live in the house.

Which expenses were variable expenses for Evelyn during these three months?

• Cable TV only

• Rent, Water, Electricity only

• 1. Water and Electricity only 

• 1. Rent and Cable TV

Multiple Select

The table shows the amount Mrs. Martin paid for different expenses during the last three months.

Which expenses were fixed expenses for Mrs. Martin during these three months?

Select all that apply.

• Rent

• Car payment

• Gasoline

• Groceries

• Utilities

Multiple Choice

Angelicas’ class went on a study trip to a bank. Which fact about banks did her class likely learn on the study trip?

• Banks give money to people. People do not have to pay the money back.

• Banks make money. Banks print their own bills and create their own coins.

• 1. Banks borrow money from people. Banks do not pay them interest. 

• 1. Banks lend money to people. People pay the money back with interest. 

Dropdown

Jack keeps his money in a financial institution so that it will be safe. When he brings money to the institution to add to his account, he will be making a

Select answer

.

Multiple Choice

Which of these statements describe the primary services of a financial institution? 

1. I- Customers can cash checks at a financial institution.

2. II- Customers can make withdrawals from their accounts at a financial institution.

3. III- Customers can deposit money at a financial institution.

4. IV- Customers can order packages at a financial institution.

• Statement II only

• Statements III and IV only

• Statements I, II, and IV only

• 1. Statements I, II and III only

Math Response

Jimmy builds and sells boxes for worm farms. Jimmy purchased supplies for $12.13. He then sold each box for the price shown in the list.

• He sold a small box for for $21.00.

• He sold a medium box for $26.59.

• He sold a large box for $36.57.

• What was Jimmy's profit from the small. medium, and large boxes?

Type answer here

Correct Answer: 72.03

Deg^°

Rad

Multiple Choice

Kai sold decorated mechanical pencils. 

• Kai’s expenses were $5.29.

• Kai sold 16 pencils for $2 each.

• Which was Kai’s profit?

• $26.81

• $26.71

• $36.71

• $37.81

Math Response

Mrs. Henry buys and sells gently worn clothes. Mrs. Henry purchased a jacket, shirt, and pair of jeans for a total of $19.91. She then sold each item for the price shown in the list.

• She sold the jacket for $34.57.

• She sold the shirt for $7.59.

• She sold the pair of jeans for $16.69.

• What was Mrs. Henry’s profit from selling the jacket, shirt, and pair of jeans?

Type answer here

Correct Answer: 38.94

Deg^°

Rad

​Q - What was Kendra’s profit?

S- Kendra's profit was $____. I solved the problem ______.

S-

S- Think-Pair-Share

A-

​Word bank
Profit
Expense
Income
First
Then
Finally

​SW distinguish between fixed and variable expenses, calculate the profit in a given situation, and describe the basic purpose of financial institutions correctly in at least 3 out of 4 problems.