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Duplicate of Financial Literacy Review 1 Flashcards | StudBud
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Duplicate of Financial Literacy Review 1
Duplicate of Financial Literacy Review 1
10 terms
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A math quiz that reviews word problems including financial literacy terms for fourth grade in Texas
Flashcards
10 cards
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Practice quiz
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Host live
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Questions
10
Answers
1
Mrs. McIntosh is planning to buy a new house. Which is a reason why she might go to a bank?
To find out the cost of the house he is planning to buy
To sell her old house
To buy chances to win money
To borrow money to buy the house
2
Parv buys a bike for $45. He paints it for $15. He resells the bike for $70. What's the profit?
$15
$10
$60
$30
3
We sell fancy pens. We spend $14.89 on supplies & sell 3 dozen for $2 each. What's our profit?
$0
$8.89
$57.11
$86.89
4
I buy bells for $6 each but sell them for $8. I buy 30 bells & sell them all. How much profit?
$80
$240
$180
$60
5
Kyle borrowed money to buy a friend's PS4. To pay for it, he pays $26 a month for 10 months.
Kyle has a fixed expense of $26 per month.
Kyle has a variable expense of $260.
Kyle has a fixed expense of $260.
Kyle has a variable expense of $26 per month.
6
Avani sells handmade cards. She spent $4 for paper, $5 for pencils, $4 on tape. She earned $25.
She made a profit of $12.
She took a loss of $13.
She made a profit of $25.
She took a loss of $12.
7
Arya is making a list of expenses. Which of these should she list as a fixed expense?
She buys a new book for $4 from the bookstore.
She pays $3 for a bike repair.
She pays $12 each week for lunch at the school cafeteria.
She spends $2 on a surprise gift for her mother.
8
Bee borrows $800. She repays it at $145 per month for 6 months. How much interest will she pay?
$65
$197
$100
$70
9
Anna spends $45 on yarn to make 5 scarves. She sells each scarf for $14. What's her profit?
$59
$25
$40
$31
10
Which of these is a variable expense?
Vibha pays $25 for a violin class every week.
Aditi earns $15 every time she babysits.
Mrs. Bowles has a monthly car payment of $210.
Mrs. McIntosh buys books whenever there is a sale.
