4th Grade Financial Literacy Review

House rent or monthly payment

• Fixed expense
• variable expense

Tags

CCSS.3.OA.D.9

Monthly grocery bill

• Fixed expense
• Variable expense

Monthly gym membership

• Fixed Expense
• Variable expense

Ms. Cash wants to borrow $13,750 to buy a car. Which type of institution is most likely to lend her the money?

• Bank

• Insurance Company

• University

• Hospital

Many people deposit some or all of their money at banks because...

• they want to be friends with the owners

• they have more money than they need

• they want to keep their money in a safe place

• they have to follow the laws of their state

Tags

CCSS.RI.4.2

CCSS.RI.5.2

CCSS.RL.3.2

CCSS.RL.4.2

CCSS.RL.5.2

Money that you receive for a job.

• Expenses
• Savings
• Income
• Withdrawl

Justin paid $150 for an electric scooter and $300 for a motorcycle. If he sells both to his friend for $700 how much profit will he earn?

• $250

• $200

• $1,000

• $450

Tags

CCSS.3.OA.D.8

A benefit to saving money in a basic savings account is

• the money is insured and therefore safe

• you might make a small amount of interest

• you can withdraw the money at anytime

• all of these answers are correct

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

Tags

CCSS.4.OA.A.3

Cedric started a landscaping business. In July, he earned $3,000 and spent $943 on equipment. What is Cedric’s profit for the month of July?

• $943

• $2,057

• $2,056

• $1,056

Tags

CCSS.3.OA.D.8