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4th Grade Financial Literacy Review Flashcards | StudBud
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4th Grade Financial Literacy Review
4th Grade Financial Literacy Review
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Questions
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Answers
1
5- What is an advantage of using a bank for saving?
D- $ may get lost
A- earn interest
C- use the money for something else
B- would not earn interest
2
10- What is his PROFIT?
C- $57.65
A- $58.65
B- $85.65
D- $58.75
3
6- How much is the budget for FOOD?
C- $28
A- $42
D- $27
B- $38
4
9- Which is a fixed expense?
C- Electric Bill
A- Lunches
D- Rent
B- Gas Bill
5
2-What is true about budgeting allowance?
B
D
C
A
6
7- What is the purpose of a financial institution?
A-loaning $
C-pay off credit card
D-buy a car
B-keeping $ safe
7
4- Which is NOT the purpose of a financial institution?
B
C
D
A
8
3- Which is a variable expense?
D- Loan payment
A- rent
C- car payment
B- gas bill
9
Which situation shows a financial institution as a lender?
D-Opens savings account
A-Uses a savings account
B-Loan
C-Deposit
10
8- How much is the interest earned?
D- $3.50
C- $12.50
A- $11.50
B- $14.00