WorksheetsUnderstanding Money Management with Larry
Total questions: 2
Worksheet time: 11mins
1-10.
Answer the questions below after watching the video
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
A
B
C
D
