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4th Grade Budget and Financing Flashcards | StudBud
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4th Grade Budget and Financing
4th Grade Budget and Financing
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A 4th grade personal financial literacy review aligned with the Georgia Standards of Excellence
Flashcards
17 cards
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Practice quiz
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Questions
17
Answers
1
Wyatt wants to save $40. If he earns $10 a week, how many weeks will it take him to save $400?
0
6
3
4
2
How well do you understanding finances know.
I am a little confused.
I am completely lost.
Awesome.
I need a little more help
3
I can go outside or I can play video games. I choose to go outside. the Opportunity cost is playing video games.
True
False
4
Which one of these is the most financially responsible choice?
Earn $50 and spend $75 on a new video game.
Earn $50 and spend $50 at the mall.
Earn $50 and save $45.
Earn $50 and give $50 to a charity.
5
What is an expenditure?
Money you use to buy things.
Money you do not spend.
Money you save for things.
Money you get for doing job.
6
The amount of money made after all the expenses are paid is called ______________.
budget
expenses
Savings
income
7
David earns $8 per week. He wants to buy a bike for $128. How many weeks will he need to save?
14 weeks
13 weeks
18 weeks
16 weeks
8
Money you earn from work or receive as gifts.
budget
expenses
income
payments
9
The ________ of going outside is I get to play with my friends.
Benefit
Cost
10
Nick earned $20. He spent $6 on lunch and $10 on a movie. How much did he have left?
$4
$6
$2
$5
11
The ________ of going outside is I could get sun burned.
benefit
Cost
12
Money paid to buy the things you need and want is called ___________.
spending
sharing
giving
saving
13
A
financial plan
that helps you determine how to save and spend your money is called a _______.
plan
bank
budget
expense
14
The relationship between costs and benefits is that every choice has costs and benefits.
True
False
15
What is a budget?
A way to make something move.
A way to organize your money.
A way to not waste our money.
A way to save your money.
16
Money put aside to use at a later time is called _____________.
spending
sharing
giving
saving
17
A cost is something you want from the decision.
False
True
