Profit & Financial Institutions

Bianca started a business buying and selling used books. In May she earned $3,934 and spent $2,053. What is her profit for the month of May?

• A $1,921

• B $1,817

• C $1,881

• D $5,987

Diamond sold pencils with colorful tape.

• Diamond’s expenses were $11.57 for supplies.

• Diamond sold 12 pencils for $2 each.

What was Diamond’s profit?

• A $24.00

• B $35.57

• C $12.43

• D $2.43

In 2014, Jenny started a business buying and selling furniture. In February, she earned $4,058 and spent $3,115. What is her profit for the month of February?

• A $4,058

• B $943

• C $7,173

• D $1,143

A withdrawl is when _______________________________

• you put money into the bank and add

• you take money out of the bank and subtract

• multiply and make more money

• divide and make less money

A deposit is when _____________.

• you put money into the bank and add

• you take money out of the bank and subtract

• multiply and make more money

• divide and make less money

A bank helps keep money safe.

• True

• False

A bank DOES NOT lend money to its customers.

• True

• False

A bank borrows money from its customers.

• True

• False

A fixed expense means that it changes all the time.

• True

• False

An example of a Fixed Expense (remember it stays the same)

• Movie tickets

• rent

• grocery bill

• gifts