REVIEW G7 - CONTEXT 1

Bartering was not one method in many ancient civilizations used for commercial relationships.

Can be considered one type of inflation, EXCEPT for:

Variable costs do not change in proportion to the output or volume of activities.

The options below can be considered fixed costs, EXCEPT FOR:

The options below can be considered INCOME, except for:

Historically, the first forms of money were agricultural commodities, such as grain or livestock.

Having a financial plan can be considered essential for:

A negative surplus indicates:

Financial education is only useful for big companies since this kind of education focuses on high profits.

Can be considered one way to mitigate inflation, EXCEPT FOR:

According to our discussions in class, it is possible to DEFINE money as:

Bartering was a method where individuals would trade the goods they had directly for those that they needed.

One possible application of integers in finances is:

Flavinho had a monthly income of R$10.000 and expenses of R$8.350 in February. CALCULATE his surplus:

Financial literacy makes use of important tools from probability, statistics, economic theories and others.

Fixed costs remain constant for a specific period regardless of the output or volume of activities.

Surplus can be defined as: Incomes - Spending