4th Grade Personal Financial Literacy

Question 1

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

Accepted Answer

profit

Question 2

David earns $8 per week. He wants to buy a bike for $128. How many weeks will he need to save?

Accepted Answer

16 weeks

Question 3

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

Accepted Answer

saving

Question 4

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

Accepted Answer

spending

Question 5

Anthony spent $37, shared $13.25, and saved $19.75. How much money did Anthony have to start?

Accepted Answer

$70

Question 6

Zoe bought new clothes for $17.75 and paid with a 20 dollar bill. How much change did she get?

Accepted Answer

$2.25

Question 7

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

Accepted Answer

financial institution

Question 8

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

Accepted Answer

fixed expenses

Question 9

Which of these is a variable expense?

Accepted Answer

Concert Tickets

Question 10

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

Accepted Answer

income

Question 11

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

Accepted Answer

$32

Question 12

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

Accepted Answer

budget

Question 13

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

Accepted Answer

$19

Question 14

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 15

McKayla paid $12.83 for lunch. She paid with a $20 bill. How much change did she receive?

Accepted Answer

$7.17

Question 16

Kylie has $75. She saves $23, shares $15, and spends the rest. How much did Kylie spend?

Accepted Answer

$37

Question 17

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

Accepted Answer

variable expenses

Question 18

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

Accepted Answer

$6

Question 19

Which of these is a fixed expense?

Accepted Answer

Rent

Question 20

Gabi has $30. She spends $18.50, shares $5.25, and saves the rest. How much does Gabi save?

Accepted Answer

$6.25

Questions 20