Monday - Financial Literacy MAP Practice

Which of the following is a fixed expense?

• Buying a new video game

• Paying monthly rent

• Going to the movies

• Buying snacks

Tags

TEKS.MATH.4.10A

A cellphone bill is a

• variable expense

• fixed expense

Tags

TEKS.MATH.4.10A

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

• Mortgage payment

• Car insurance

• Buying new shoes

• Monthly gym membership

Tags

TEKS.MATH.4.10A

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

• financial institution

• credit

• profit

• expense

Tags

TEKS.MATH.4.10E

Banks & Credit Unions are examples of what?

• Financial Institutions

• Deposit

• Receipts

• Expenses

Tags

TEKS.MATH.4.10E

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

• borrow

• difference

• profit

• lend

Tags

TEKS.MATH.4.10E

Income (money earned) - expenses =

• income

• profit

• expense

• difference

Tags

TEKS.MATH.4.10B

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

• Electricity bill

• Dining out

• Monthly car payment

• Buying clothes

Sarah sold lemonade at her lemonade stand and earned $50. She spent $20 on lemons and sugar. How much profit did Sarah make?

• $20

• $70

• $30

• $50

Tags

CCSS.3.OA.D.8

Mrs. Pittenger sells 35 necklaces she made for a local boutique. She sells each necklace for $15. Her supplies to make the necklaces cost $4.85. How much profit did Mrs. Pittenger make?

• $525

• $520.15

• $500

• $529.85

Tags

TEKS.MATH.4.10B