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Personal Financial Literacy Review Flashcards | StudBud

Explore/Personal Financial Literacy Review

Personal Financial Literacy Review

12 terms·StudBud Administration·1,418 plays

A #math #Quiz to review #financialliteracy #TEK #4.10 for the #4thgrade #STAAR.

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Questions 12

Answers

1
Which is NOT the purpose of a financial institution?
C
D
B
A
2
How much does Simon sell each hot dog for?
D
B
C
A
3
What are fixed expenses?
Expenses you have that stay the same
Expenses you have that change each month
The amount of money you earn
The amount of money you make after all expenses are paid
4
What are variable expenses?
The amount of money you spend in total
Expenses you have that change each month
Expenses you have that stay the same
The amount of money you make after paying all expenses
5
Which is a fixed expense?
A
D
B
C
6
How do you calculate profit?
The amount of money you sell something for + your expenses
The amount of money you save - the amount you borrow
The amount of money you sell something for - you expenses
The amount you earn - the amount you save
7
What is the store's profit?
D
C
A
B
8
Which is a fixed expense?
A
B
C
D
9
Which of the following is a variable expense?
D
B
A
C
10
What is her profit for the month?
D
A
B
C
11
Which is a variable expense?
A
D
C
B
12
What is true about saving money in a bank savings account?
B
A
D
C