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Understanding Money and Expenses

Authored by Paige Dean

Mathematics

4th Grade

CCSS covered

Used 2+ times

Understanding Money and Expenses
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11 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An expense that changes from month to month is called ...

fixed expense

variable expense

profit

Tags

CCSS.3.OA.D.9

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a fixed expense?

Monthly rent

Grocery bills

Utility bills

Entertainment expenses

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you earn $50 from a lemonade stand. You spent $20 on supplies. What is your profit?

$30

$20

$70

$50

Tags

CCSS.3.OA.D.8

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is an advantage of a savings account?

High risk

Easy to spend money using a credit card.

Money is safe. Helps you save instead of spend.

You cannot access your money without permission from the bank.

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Ken spent $7 on supplies to make rubber bracelets. He sold $20 worth of bracelets on Tuesday. What was his profit?

He didn't make a profit yet.

$13

$20

$27

Tags

CCSS.3.OA.D.8

6.

MULTIPLE CHOICE QUESTION

45 sec • 3 pts

How should you allocate a weekly allowance of $10 if you want to save for college, spend on toys, and share with others?

Spend $10 on toys

Share $10 with others

7.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

What is the role of a bank when you borrow money?

To keep your money safe

To lend you money that you must pay back with interest

To give you money for free

To help you spend money

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