Financial Literacy Review Task Cards

Madison sold fruit smoothies at the community pool. She collected $43.75 from smoothie sales. She spent $18.28 on ingredients and supplies. What was her profit?

Isaac is starting a new business. Which of the following is NOT a service he would go to his bank for?

• Take out a business loan

• Deposit money into a business savings account

• Research business competitors

• Open a business checking account

The amounts of Adrian's recent power bills are listed. March: $94.58 April: $105.32 May: $125.37 What type of expense is Adrian's power bill?

• Variable, because it changes every month

• Fixed, because it is the same each month

• Variable, because it is the same each month

• Fixed, because it changes every month

Which statement about Liam and Chloe's cell phone bills is true?

• Both Liam's and Chloe's cell phone bills are fixed expenses

• Neither Liam's or Chloe's cell phone bills are fixed expenses

• Only Liam's cell phone bill is a Fixed expense.

• Only Chloe's cell phone bill is a fixed expense.

The items Hannah used to make a toy sail boat and their costs are listed: - Wood parts: $5.35 - Fabric: $2 - Paint: $1.95 She sold the boat for $15.00. What was her profit?

• $7.68

• $5.70

• $24.30

• $22.32

Brooklyn needs to open a savings account to save for college. Which of the following businesses or organizations should she visit to open a new savings account?

• Federal Treasury Museum

• Credit Union

• County Courthouse

• Local Library

Oliver's water bill is a fixed expense. Which of the following could be a list of Oliver's last 4 water bills?

• $75.00, $95.00, $75.00, $95.00

• $65.00, $75.00, $85.00, $95.00

• $75.00, $75.00, $75.00, $75.00

• $95.00, $85.00, $75.00, $65.00

The Sanchez Family is going on a vacation to Jamaica. Which of the following is NOT something they would do at their bank before their vacation?

• Set up a vacation savings account

• Exchange American money for Jamaican money

• Check their account balances

• Apply for Passports

Matthew built a playhouse to sell. The supplies he purchased to build the playhouse are listed. ITEM COST Wood $105.00 Windows $78.89 Fabric $26.25 Paint $25.40 Matthew sold the playhouse for $500. What was his profit?

Victoria sold lemonade at a stand in front of her house. She spent $14.50 on supplies. She made $23.25 in profit. What amount of money did she collect for lemonade sales?

• A. $37.75

• B. $8.75

• C. $14.50

• D. $31.25