4th Grade Financial Literacy Quiz

A financial gain; the difference between the amount of money earned and the amount of money spent in buying, operating, or producing something.

• interest

• credit

• profit

• budget

Tags

CCSS.7.RP.A.3

An estimate of income and expenditure for a set period of time.

• budget

• savings account

• charity

• profit

An expense that always has the same value.

• Variable Expense

• Fixed Expense

• Allocating Money

• financial situation

Tags

CCSS.7.NS.A.1C

An expense that changes depending on the use of products and services

• fixed expense

• savings account

• allocating money

• variable expense

An establishment that conducts financial transactions, including loans, investments, and deposits

• savings account

• variable expense

• financial institution

• college fund

The act of receiving money from another party in agreement that it will be repaid.

• profit

• interest

• borrowing

• charity

Tags

CCSS.5.NF.B.5B

The ability to obtain goods or services before payment based on trust that the payment will be made in the future.

• charity

• credit

• college fund

• budget

A type of bank account in which you can deposit or withdraw funds while keeping money safe and earning interest.

• savings account

• allocating money

• fixed expense

• financial institution

Tags

CCSS.RI.4.2

CCSS.RL.3.1

CCSS.RL.3.2

CCSS.RL.4.1

CCSS.RL.5.2

An organization set up to raise money and collect donations for those in need.

• credit

• college fund

• profit

• charity

Tags

CCSS.RI.4.4

CCSS.RI.5.4

CCSS.RL.3.4

CCSS.RL.4.4

CCSS.RL.5.4

The process of setting aside a certain amount of money for an expense.

• borrowing

• credit

• allocating money

• college fund

Tags

CCSS.7.RP.A.2C