Financial Literacy 3rd

Trey is describing his labor and income. Which statement could be a description of both labor and income for Trey?

• Trey does volunteer work at a hospital.

• Trey pays a company to repair his roof.

• Trey takes $25 out of his bank account and spends the money at a store.

• Trey takes dogs for a walk after school and earns $25.

Tags

CCSS.RI.2.1

CCSS.RI.3.2

CCSS.RL.2.2

CCSS.RL.3.1

CCSS.RL.3.2

Which statement is most likely true?

• When Nina works fewer hours, she earns more income from the restaurant.

• When Nina works more hours, she earns more income from the restaurant.

• When Nina works more hours, the restaurant gets less labor from her.

• When Nina works fewer hours, the restaurant gets more labor from her.

Tags

CCSS.RL.1.3

CCSS.RL.2.1

CCSS.RL.4.3

CCSS.RL.5.3

CCSS.RL.6.3

Ms. Patterson works for a company. Which factor would most likely affect the amount of money Ms. Patterson gets paid by the company?

• The amount of money Ms. Patterson has to pay in bills

• The size of Ms. Patterson’s family

• The amount of money Ms. Patterson saves every month

• The work experience Ms. Patterson has

Tags

CCSS.RI.3.3

CCSS.RI.4.3

CCSS.RI.5.3

CCSS.RI.6.3

CCSS.RI.7.3

A city pays each police officer for the work the police officer does. Which factor would most likely not affect the amount of money this city pays a police officer?

• The size of the police officer’s family

• The number of years the police officer has worked for the city

• The special skills that the police officer has

• The level of education that the police officer has

Tags

CCSS.RI.3.3

CCSS.RI.4.3

CCSS.RI.5.3

CCSS.RI.6.3

CCSS.RI.7.3

Which statement best describes the effect on the price of oranges this year?

• The price will likely increase because there are more oranges for sale.

• The price will likely decrease because there are more oranges for sale.

• The price will likely increase because there are fewer oranges for sale.

• The price will likely decrease because there are fewer oranges for sale.

Bad weather destroyed most of the peaches on the peach trees in an orchard. This will have an effect on the price of the remaining peaches. Which statement best describes the effect on the price?

• The price will likely increase, because there are more peaches available to buy.

• The price will likely decrease, because there are more peaches available to buy.

• The price will likely increase, because there are fewer peaches available to buy.

• The price will likely decrease, because there are fewer peaches available to buy.

Tags

CCSS.HSF-LE.A.1B

Which statement is an example of using credit?

• Dante saves $100 per paycheck.

• Baylee budgets $85 for groceries each week.

• Maria borrows $400 for car repairs.

• Nina earns $250 in tips at work.

Tags

CCSS.7.NS.A.1B

Mrs. Williams borrowed $6,000 from a bank to pay for some home repairs. She paid $7,500 back to the bank. Which of these is the most likely reason Mrs. Williams paid the bank more than the amount she borrowed?

• She made a mistake in calculating the amount she needed to pay back.

• She actually needed more than $6,000 for the home repairs.

• She had to pay interest on the amount of money she borrowed.

• She had to pay sales tax on the amount of money she borrowed.

Tags

CCSS.6.NS.B.3

What are some benefits of saving money?

• To increase debt

• To increase interest on monthly bills

• To prepare to pay for college

• To help spend money faster

• To help pay for unplanned needs