Financial Literacy

What are the risks of saving money at your home?

• Floods

• Fires

• Break-ins

• All of the above

What are the reasons to put your $$ in a bank?

• The money is insured

• It earns interest

• It is safer than having it at home

• You can't withdraw your $$

Interest is...

• the money you save

• the money you earn for letting your $$ be borrowed

• the money you spend

• the money you loan

Why would you open a savings account?

• for emergency $$

• to keep for future uses

• to spend on clothing

• to spend money

You buy a used computer. You clean and fix up the hardware, and in all it costs $70. You sell it to a new buyer for $200. How much profit did you make?

• $100

• $70

• $30

• $130

You make a fidget, and it costs you $10 to make. How much should you charge for it so that you make a profit?

• $8

• $10

• $15

• $5

Your friend gives you a Pop-It. You sell it to your cousin for $5. How much profit did you make?

• $10

• $0

• $5

• $15

A restaurant has a budget. A few of the items are grocery inventory, rent, electricity, and business insurance. Which of those expenses are fixed?

• grocery inventory

• rent

• electricity

• business insurance

You buy a gaming chair at a garage sale for $5. You clean it, and pay $17 for a brand new cover. You sell it online for $50. How much profit did you make?

• $50

• $45

• $33

• $18

What is Ms. Sheehan's favorite animal?

• giraffe

• squirrel

• cow

• elephant