Financial Literacy review
Flashcard
•
Mathematics
•
4th - 5th Grade
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
Student preview
15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is a fixed expense?
Back
A fixed expense is a cost that does not change from month to month. Examples include rent or a monthly car payment.
2.
FLASHCARD QUESTION
Front
What is a variable expense?
Back
A variable expense is a cost that can change each month. Examples include repairs or groceries.
3.
FLASHCARD QUESTION
Front
Give an example of a fixed expense.
Back
Monthly rent for a house.
4.
FLASHCARD QUESTION
Front
Give an example of a variable expense.
Back
Repairing a flat tire.
5.
FLASHCARD QUESTION
Front
What type of expense is a monthly child care payment?
Back
Fixed expense.
6.
FLASHCARD QUESTION
Front
What type of expense is a monthly car payment?
Back
Fixed expense.
7.
FLASHCARD QUESTION
Front
What type of expense is a flat tire repair?
Back
Variable expense.
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