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Personal Finance 18
Mrs. Ethridge's 4th Grade, Personal Finance, 2018, 2019
| Question | Answer |
|---|---|
| What do I call expenses that change from month to month? | variable expenses |
| This organization helps people save, organize, and manage their money. | financial institution |
| This is a financial plan that helps you organize, save, and spend your money. | budget |
| This is money that is sent aside to use at a later time. | savings |
| This word is a synonym of trade. | barter |
| This is money you earn by doing a job or by receiving an allowance. | income |
| This is the amount of money made after all expenses are paid. | profit |
| This is the price of a product or service which is reduced in order to increase demand. | price incentive |
| This is when businesses or people depend on each other. | interdependence |
| This is how quickly a company can produce a good. | productivity |
| These are expenses that stay the same and do not change from month to month. | fixed expenses |
| This is money spent on things you want or need. | spending |
| This is an example of a fixed expense. | Rent, because it usually stays the same from month to month. |
| This is an example of a variable expense. | Grocery shopping, because you probably don't spend the same amount each month. |
| Amy is getting ready for school. She spent all her supply money on a fancy backpack. What was her opportunity cost? | Paper and pencils. |
| What is an advantage of saving money? | You will have money in the future for things you want or need. |
Created by:
briansegool
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