Financial Literacy Unit Test

Karin wants to spend less money in May. Which variable expenses could she reduce? Select all that apply.

Which of these statements does not describe the primary services of a bank?

Ms. Owens loves thrifting. She buys and sells gently worn clothes. Ms. Owens purchased a dress, a sweater, and shorts for a total of $11.62. She then sold each item for the price shown in the list.

-She sold the dress for $24.55

-She sold the sweater for $12.65

-She sold the shorts for $8.25.

What was Ms. Owens’s total profit from selling the dress, sweater, and shorts?

(a)  

You ___________ money from your account when you make a withdrawal.

Which statement best describes a primary service of a bank?

Which of these services is not provided by a financial institution such as a bank or credit union?

A business that focuses on dealing with financial transactions such as investments, loans, and deposits, such as a bank or credit union. Which term does this describe?

When you pay back a loan, you not only pay the amount you borrowed, you also pay it back with a fee called ____________.

Shenaya lives in an apartment. The table shows some of the expenses that Shenaya paid for three months to live in the apartment.

Which expenses were variable expenses for Shenaya during these three months?