Understanding Money Management with Larry

What type of expense changes amount from month to month?

• Variable expense

• Fixed expense

• Unchanging expense

• Constant expense

Which of the following is an example of a fixed expense?

• Grocery shopping

• Clothing purchases

• Rent payments

• Gasoline costs

What is a variable expense?

• An expense that stays the same

• An expense that increases

• An expense that changes

• An expense that decreases

What does Larry need to calculate to find out his profit from the bookshelf?

• Friends who helped

• Number of bookshelves

• Cost of materials

• Total sales

How much profit did Larry make from selling the bookshelf?

• $150

• $250

• $400

• $100

What should Larry ideally do with his extra cash?

• Spend it immediately

• Invest in stocks

• Put it in the bank

• Hide it at home

What is the purpose of a bank according to the video?

• To keep money safe

• To provide books

• To sell furniture

• To entertain people

What can you borrow money from a bank for?

• Watching a movie

• Opening a business

• Going on vacation

• Buying a toy

Which of the following costs would be the most difficult to adjust if you were looking to reduce your expense?

• 
  Dining out at local restaurants

• 
  Loan payment on a student loan

• Expenses for new clothes

• Purchasing a new big-screen TV

Air Jordans are an example of a (a)   expense