Financial Literacy

What is profit

• The money made before costs are subtracted
• The money made after costs are subtracted
• Money
• Costs

Tags

CCSS.7.EE.B.3

The circle graph shows the percentages of a family budget used for different monthly expenses.

Which statement is supported by the data in the graph?

• The amount of money budgeted for Food is half the amount budgeted for Fun

• The amount of money budgeted for Savings and Utilities combined is twice the amount budgeted for Mortgage

• The amount of money budgeted for Mortgage is greater than the amount budgeted for Savings and Utilities combined

• The amount of money budgeted for Saving and Food combined is greater than the amount for Fun and Utilities combined.

Expenses in which the amounts do change from month to month or week to week.

• Fixed
• Variable
• changable
• optional

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

The amount of money left over after the expenses have been removed is

• profit
• revenue
• mine
• fixed expenses

Tags

CCSS.6.RP.A.3B

Expenses in which the amounts do NOT change from week to week or month to month

• variable
• fixed
• extra
• optional

Money received

• income
• insurance
• savings

Tags

CCSS.6.NS.B.3

movie ticket

• variable
• fixed

Car payment

• Fixed
• Variable

Tags

CCSS.HSF-LE.A.1B

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• Money can be withdrawn from banks online.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.