Financial Literacy Retest

Which of the following is true about banks and credit unions?

• They are the safest place to save money.
• Money can be withdrawn from banks online.
• Banks are a business and loan money to others to make money.
• All of the above.

My house payment is the same every single month. This is an an example of a....

• profit
• variable expense
• fixed expense

Tags

CCSS.HSA.SSE.A.1

Sawyer is selling bracelets. She pays $2.00 for the beads and $2.50 for the string. She sells her bracelets for $1.00.  
How much are her expenses?

• $2.00
• $2.50
• $4.50
• $5.50

Tags

CCSS.4.MD.A.2

Gwen bought an old table. She repaired it and painted, and then sold it. Gwen made this list about what she did.
• Price paid for old table: $10.00
• Cost to repair: $5.00
• Cost to paint: $7.50
• Selling price: $50.00
What was Gwen’s profit from selling the table?  

• $27.50
• $50.00
• $22.50

Tags

CCSS.7.EE.B.3

Which of these is NOT offered by a financial institution?

• Informing customers about their money and accounts.
• Telling customers how to spend their money. 
• Letting customers make withdrawals.
• Providing loans to customers. 

Movie ticket

• variable
• fixed

Tags

CCSS.HSF-LE.A.1B

Which one of the following are financial institutions?

• bank and credit union
• library and hospital
• school and museum
• Starbucks and Wal-Mart

To put money into an account.

• Deposit
• Withdraw
• Savings for a chicken
• Interest for a cow

Tags

CCSS.L.8.5A

Money spent is called...

• income
• net gain
• expense

Tags

CCSS.6.NS.B.3

When you have earned some money, how should you allocate it?

• spend, save or share

• income, wage or labor

• save, credit or interest

• spend, save or interest