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Duplicate of 4th Grade Financial Literacy Flashcards | StudBud
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Duplicate of 4th Grade Financial Literacy
Duplicate of 4th Grade Financial Literacy
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Questions
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Answers
1
Which one is NOT an example of a financial institution?
Credit Union
Bank
Savings and Loans
Grocery Store
2
Which operation do you use if you are making a withdraw?
X multiplication
÷ division
+ addition
− subtraction
3
What should Mrs. Osterman do every month?
Spend all her money on toys
Do 1,000 push ups
Save some money
Share all of her money
4
Which is a variable expense for Mrs. Miller
New shoes
Rent
Dog food
Cable bill
5
Money you receive for lending money is____________________.
interest
saving
spending
cost
6
Louis earned $16. He spent $4 and shared $2 with his brother. How much did he save?
$10
$20
$6
$22
7
Which is true?
A Certificate of Deposit earns you little to no interest
A savings account lets you earn higher interest than a C.O.D
A savings account does not let you earn interest
A C.O.D lets you earn higher interest than a saving account
8
Tia earns $10 an hour and works 25 hours a week. How much money will Tia earn in 4 weeks?
$250
$500
$25
$1,000
9
You save $5 a month for 5 months. You make $1 total interest. How much is in your bank account?
$26
$10
$25
$5
10
Which is a fixed expense for Mrs. Hurt?
Diapers
Car repairs
Clothes
Restaurant bills
11
An example of a variable expense would be?
rent
car repair
cable bill
car payment
12
Charlotte bought a unicorn for $25. She paid 12 payments of $3. How much interest did she pay?
$61
$36
$11
$25
13
Patty had $150 in receipts and $75 in expenses. What was her profit?
$50
$25
$75
$100
14
Exchanging money for goods or services is__________________.
spending
saving
cost
interest
15
The amount you must spend to purchase something is____________.
cost
interest
saving
spending