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Decimal/financial literacy review Flashcards | StudBud
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Decimal/financial literacy review
Decimal/financial literacy review
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A #math #4thgrade #review about #decimals
Flashcards
9 cards
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Practice quiz
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Questions
9
Answers
1
One example of a fixed cost is
Rent
Light bill
Car loan
Insurance
2
A variable cost refers to
A cost that is too high
A cost that stays the same every time you pay it
A cost that is too low
A cost that changes every time you pay it
3
Profit in a lemonade stand business refers to
The money you spend on sugar, cups, and lemons
How good your lemonade tastes
The money they pay you for selling lemonade
The money left after you sell lemonade and pay expenses
4
If your expenses are $2.22 and your sales price is $9.99, what is your profit?
$777
$11.10
$7.77
$111.00
5
If you save $700 and earn $3 interest for every $100, how much money will you have in all?
$7,021
$721
$730
$703
6
What is a disadvantage of saving your money in a secret hiding place?
You will end up with more money than you saved.
You cannot always get to the money.
You can save more money.
The money will not earn interest.
7
A fixed cost refers to
A cost that is too low
A cost that stays the same every time you pay it
A cost that changes every time you pay it
A cost that is too high
8
One example of a variable cost is
Gas bill
Rent
Light bill
Food/Groceries
9
A financial institution is a place where you can
Deposit money
Buy a pizza
Get a loan
Withdraw money (take it out)
