financial literacy
Authored by Ishamar Gonzalez
Mathematics
4th Grade
4 covered
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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The table shows the amounts Rodney and Antwan paid for their cell phones each month for the last four months.
Based on the table, which statement is true about the amounts Rodney and Antwan paid for their cell phones over the last four months?
Only Antwan’s cell phone bill is a fixed expense.
Only Rodney’s cell phone bill is a fixed expense.
Both Rodney’s and Antwan’s cell phone bill is a fixed expense
Both Rodney’s and Antwan’s cell phone bill is a variable expense.
Answer explanation
Tags
4.10.A
2.
DROPDOWN QUESTION
30 sec • 1 pt
Connie purchased a motorcycle. She has to make monthly payments to pay back the money that she borrowed from the bank to buy the motorcycle. What type of expense is the payment Connie makes to the bank?
It is a (a) because the monthly payments does (b)
each month.
Answer explanation
Tags
4.10.A
3.
DROPDOWN QUESTION
30 sec • 1 pt
Silas is a college student who lives on campus in a dormitory. Which
expense is a variable expense for Silas?
Paying (a) is a variable expense.
Answer explanation
Tags
4.10.A
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which expenses are FIXED expenses?
Rent, car payment, Disney+ subscription.
All of them
Groceries, Movie tickets, light bill
None
Answer explanation
Remember, variable expenses, vary, they change every year, month, week or day.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are fixed expenses?
Irregular expenses that change from week to week or month to month
The amount of money in your bank account
The amount of cash in your purse or wallet
Expenses that stay the same from week to week or month to month
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are variable expenses?
Irregular expenses that change from week to week or month to month
The amount of money in your bank account
Costs that do not fluctuate from week to week or month to month
The amount of cash in your purse/wallet
7.
MULTIPLE CHOICE QUESTION
30 sec • 7 pts
Last week, John made $875 in candy sales. What was John’s profit for the week?
185.36
657.98
689.64
125.54
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