Financial Literacy

Which of the following is an example of labor?

• Reading a library book

• Riding a bicycle

• Fishing at a lake

• Delivering newspapers

The Newman Family own a small movie theater. When a popular movies is showing for the first time, they are able to charge more for the tickets. Why would people pay more for their tickets?

• The popular movies are always longer.

• Many people will want to come to see it, and there are not very many seats.

• Small theaters always charge higher prices.

• Everyone likes the Newman theater because it is nice.

The Tory Company made too many toothbrushes during the year 2021. They needed to get rid of the surplus before their new style came out. How were they able to get rid of the extra toothbrushes?

• They lowered the price.

• The increased the price.

• They kept the price the same.

• They put them in a different box.

Which of the following is a want?

• Glasses to read

• Braces for teeth

• Water

• Pet

Which of these is a need that a family would borrow money to repair?

• Toaster

• DVD Player

• Chair

• Refrigerator

The $5.00 that Tom gets for walking his neighbor's dog is called...

• Giving

• Income

• Saving

• Spending

Which of the following makes more money in one week?

• A cook

• A lawyer

• A barber

• A janitor

Mrs. Rodriguez went to college for 4 years to become a teacher. She makes $1,000 each week. Mrs. Sanders went to high school and is her assistant. She makes $250 each week. They both work the same amount of hours each day at school. Why does Mrs. Rodriguez make more money than Mrs. Sanders?

• Mrs. Rodriguez goes to more meetings.

• Mrs. Rodriguez works more hours.

• Mrs. Rodriguez went to school longer to become a teacher.

• Mrs. Rodriguez works at a larger school.

Which of the following is a need?

• Food

• Toy

• Necklace

• Painted Fingernails

Daniela went to the store with her mother. Her mom told her that she ONLY had enough money to buy things that they needed. Which of the following would NOT be a need?

• Bread

• Candy

• Milk

• Corn