
Financial Literacy
Authored by Diana Garcia
Mathematics
4th Grade
CCSS covered
Used 19+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which statement is NOT true about a financial institution?
A financial institution is a safe place to keep your money.
A financial institution charges a fee, called interest, on loans.
A financial institution is a business that never borrows money.
A financial institution can issue credit cards.
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of these situations represents a financial institution as a lender?
Saving your allowance in a savings account at a bank.
Depositing a check into your bank account.
Opening a savings account at a bank.
Taking out a loan to buy new furniture.
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Miranda has a savings account at a bank. The account pays interest of $3.50 per $100. What is the total amount of interest that Miranda will receive if she has $400 in her savings account?
$3.50
$11.50
$14.00
$12.50
Tags
CCSS.6.RP.A.3B
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Doreen makes bracelets to sell in her jewelry store. Which is a fixed expense for her store?
The amount she pays for string for the bracelets.
The amount she pays for advertising for her store.
The amount she pays for beads for the bracelets.
The amount she pays for rent for her store.
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of these best describes spending money on restaurant meals?
expense for production
a variable expense
expense for investment
a fixed expense
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of these is an example of a fixed expense because the cost does NOT change from week to week or month or month?
the cost of clothing
the cost of gasoline
the cost of video rentals
the cost of apartment rent
Tags
CCSS.3.OA.D.9
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Kevin builds and sells bird feeders. The materials to build each birdhouse cost $13. He sells the birdhouses for $20 each. What is the amount of profit Kevin will make if he sells 5 birdhouses?
$15
$100
$35
$115
Tags
CCSS.3.OA.D.8
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