Understanding Expenses and Profit

Which of the following is an example of a variable expense?

• Groceries

• Going to the movies

• Rent

A cellphone bill is a

• variable expense

• fixed expense

Basketball tickets are a

• variable expense

• fixed expense

Which expenses were fixed expenses during these three months?

• Groceries, gasoline, and utilities only

• Rent and Car Payment only

• All of the expenses

• None of the expenses

Tags

CCSS.3.OA.D.9

To take and use something that belongs to someone else for a period of time before returning it

• borrow

• difference

• profit

• lend

Tags

CCSS.RI.4.4

CCSS.RI.5.4

CCSS.RL.3.4

CCSS.RL.4.4

CCSS.RL.5.1

An establishment that focuses on dealing with financial transactions such as investments, loans, and deposits

• financial institution

• credit

• profit

• expense

Tags

CCSS.RI.2.5

CCSS.RI.3.5

CCSS.RI.4.5

CCSS.RI.5.5

CCSS.RI.6.5

Banks & Credit Unions are examples of what?

• Financial Institutions

• Deposit

• Receipts

Which of these statements describe the primary services of a bank?

• Statements II and IV only

• Statements I, II, and IV only

• Statement III only

• Statements I, II, and III only

What is a transaction register?

• a booklet that the school gives you for recording your grades

• a book with money in it

• a booklet for writing down memories

• A booklet for recording money deposited or withdrawn from an account.

• $7

• $27

• $13

• $20

Tags

CCSS.3.OA.D.8