Financial Literacy

Going to work at a job is a way to....

• get fired

• earn money

• make new friends

• buy a motorcycle

Tags

CCSS.L.1.6

CCSS.L.3.6

CCSS.L.4.6

CCSS.RL.1.4

Monica has a store selling her special t shirts. Everyone wants her shirts. Because there is a great demand for the shirts, Monica can....

• make more shirts

• lower the price of the shirts

• raise the price of the shirts

• sell matching shoes

Tags

CCSS.8.EE.B.5

What would happen if Monica has to sell her shirts for less that it cost her to make them?

• She would make no profit

• She would make great profit

• Nothing will happen

• She would have to take out a loan

Tags

CCSS.7.RP.A.3

Monica ran out of shirts to sell. Amazon did not have them either. This is an example of

• supply

• scarcity

• demand

• overspending

Scarcity is

• when there is too much of something

• when there is too many of something

• when there is not enough of something

• when you are afraid to lose all your money

Supply is

• the things you need for school

• having your school materials

• wanting to buy more stuff

• having enough materials

If you have to sell something for less than what you paid for it you will

• make no profit

• make a profit

• break even

• be a salesperson

Tags

CCSS.7.EE.B.3

If you sell something for more than what you paid for it, you will

• make a profit

• make no profit

• have a clearance sale

• win a salesforce award

Tags

CCSS.7.EE.B.3

To earn $25.00 how long do you have to save $5.00

• 4 weeks

• 5 weeks

• 6 weeks

• 1 week

Tags

CCSS.6.RP.A.3B

If you make $7.00 a week for 6 weeks, how much money will you have.

• $71.00

• $17.00

• $42.00

• $56.00

Tags

CCSS.3.OA.A.3