Personal Financial Literacy 4th gr.

Question 1

Money put aside to use at a later time is called _____________.

Accepted Answer

saving

Question 2

Natalie earned $133 dollars in 7 weeks. How much did she earn each week?

Accepted Answer

$19

Question 3

The amount of money made after all the expenses are paid is called ______________.

Accepted Answer

profit

Question 4

Money paid to buy the things you need and want is called ___________.

Accepted Answer

spending

Question 5

A financial plan that helps you determine how to save and spend your money is called a _______.

Accepted Answer

budget

Question 6

________ is the amount of money you earn every month by doing a job or receiving allowance.

Accepted Answer

income

Question 7

Which of these is a variable expense?

Accepted Answer

Concert Tickets

Question 8

Dylan sold $48 at his lemonade stand. He spent $16 on supplies. How much was his total profit?

Accepted Answer

$32

Question 9

Which of these is a fixed expense?

Accepted Answer

Rent

Question 10

Nick earned $20. He spent $6 on lunch and $8 on a movie. How much did he have left?

Accepted Answer

$6

Question 11

______________ are expenses that change from month to month and do not stay the same.

Accepted Answer

variable expenses

Question 12

______________ are expenses that stay the same every month and do not change.

Accepted Answer

fixed expenses

Question 13

Wyatt wants to save $400. If he earns $10 a week, how many weeks will it take him to save $400?

Accepted Answer

40

Question 14

A place that helps us safely store, organize, and manage our money is called a _______________.

Accepted Answer

financial institution

Questions 14