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Financial Literacy Review Flashcards | StudBud
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Financial Literacy Review
Financial Literacy Review
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1
Which of the following describes Marcus' situation?
Marcus made a profit of 230
Marcus made a loss of $20
Marcus broke even
Marcus made a profit of $170
2
You borrowed $ from the bank to buy a home. Now you make house payments. That's a variable expense.
False
True
3
Putting your money in a piggy bank is the same as putting your money in the bank because they both earn you interest.
False
True
4
Mr. White takes vitamins daily. He always gets a 30 day supply from HEB. This is a fixed expense.
False
True
5
Which of the lists shows variable expenses?
utilities, hospital bill, groceries
mortgage, rent, insurance
rent, birthday presents, gas
6
Gilbert received $30 from his mom. Which statement shows what he should do if he wants to buy a new bike next year?
put the $ in the bank and earn interest
put it in his wallet and earn interest
loan it to his from to earn interest
put the $ in his piggy bank
7
What is Mary's profit from selling the rocking chair?
15.75
68.25
26.25
8
Jackie decorates and sells cakes. Her expenses were $12.84. She sold 12 cupcakes for $4 each. What's her profit?
$35.16
$48.00
$16.00
$8.84
