Personal Financial Literacy 4th Grade

Jack took out a $30,000 loan to buy a car. Which answer best shows why he took out a loan?

Kim went on a field trip to a bank. What fact about banks did her class learn on the trip?

Which situation shows a financial institution as a lender?

A _____________ is money that you spend to buy something.

You participated in a Jump Rope for Heart. Here you _______ your money.

Which savings option will not insure your money?

A ______ occurs regularly and costs the same each time.

Mike sold brisket sandwiches for a total of $56. His food cost was $19. What was his profit?

Which of the following is a variable expense?

Which is true when budgeting a weekly allowance for spending, saving, and sharing?

When you ______ money into a savings account, the purpose is to keep the money safe.

____ is the total amount of money received by the seller for a good or service provided.

You did chores around the house and put money in a secret emergency box. In this example, you ___.

Matt sold 3 video games for $16 each. He bought the games for $9 each. His profit is __

Revenue (money received) - expenses (cost to buy or make something) = _________

Which of the following is a fixed expense?

Which savings option will NOT earn interest?

Rent - $900, Grocery Bill - $228, Gas Bill - $145, Electric Bill - $95. Fixed expense is ___.

Groceries are a __________ expense because __________.

________ is extra money that a borrower pays the lender for the use of the lender's money.

Sam sold 10 cups of lemonade for $2 each. His expenses were $9 for sugar and lemons. Profit =

Kim deposits $1,500 money into her savings account. What is the purpose in this situation?

Tim's account pays $2.50 interest per $100 yearly. If Tim has $300 in the account. Interest = _____.

When you buy tickets to the movies you _______ money.

Which of the following is NOT the purpose of a financial institution?