Financial Literacy- 4th grade

The table shows the amounts Sheldon and Jenna paid for electricity in their apartments each month for the last six months. Based on the table, which statement is true about the amounts Sheldon and Jenna paid for electricity during these six months?

• Only Sheldon's electricity expense was a fixed expense.

• Only Jenna's electricity expense was a fixed expense.

• Both Sheldon's electricity expense and Jenna's electricity were variable expenses.

• Both Sheldon's electricity expense and Jenna's electricity expense were fixed expenses.

Tags

CCSS.7.NS.A.2A

CCSS.7.NS.A.2B

Some people borrow money to buy cars. They have car payments to pay back the money they borrowed. What kind of expenses are most car payments?

• Variable expenses, because the amount usually changes every month

• Variable expenses, because the payment is not due every month

• Fixed expenses, because the amount is usually the same every month

• Fixed expenses, because the car is usually paid for after one month

Tags

CCSS.3.OA.D.9

Leiara sold snacks at a neighborhood pool. The cost of preparing the snacks was $10.29. The money she received from the sale of the snacks was $21.75. What was Leiara's profit?

• $32.04

• $21.75

• $11.46

• $10.29

Tags

CCSS.6.NS.B.3

Danny made a list of his monthly expenses. Which of the following is an example of a variable expense?

• paying rent

• a car loan

• movie tickets

• personal loan

What is the difference between variable expenses and fixed expenses?

• The difference is variable expenses is when you save money and fixed is when you spend money.

• The difference is variable expenses is when you spend money and fixed is when you save money.

• The difference is variable expenses can change while fixed expenses do not change.

• The difference is variable expenses do not change while fixed expenses change.

Ms. Cash wants to borrow $13,750 to buy a car. Which type of institution is most likely to lend her the money?

• Bank

• Insurance Company

• University

• Hospital

Bri has a smoothie stand. Her weekly expenses are listed below:

Fresh Fruit: $8 to $16

Ice: $6

Cups: $3

Which expense is a VARIABLE expense?

• Ice

• Fresh Fruit

• Cups

Many people deposit some or all of their money at banks because...

• they want to be friends with the owners

• they have more money than they need

• they want to keep their money in a safe place

• they have to follow the laws of their state

Tags

CCSS.RI.1.1

CCSS.RI.1.2

CCSS.RL.1.1

CCSS.RL.1.2

CCSS.RL.K.2

To calculate profit what is the correct procedure?

• subtract the expenses and multiply them by the sell price

• add the expenses then add them to the sell price

• multiply the expenses and sell price

• add the expenses then subtract them from the sell price

Tags

CCSS.7.EE.B.3

Which is an example of a FIXED expense?

• clothes

• a car payment

• groceries

• movie tickets