Budgets and Money Decisions
Grade 4 - Social Studies - Challenge Me
A family spends a different amount on gas depending on how much driving is done. Is this expense fixed or variable?
- variable
- fixed
- income
- profit
Maria's lemonade stand made $25 in sales. Supplies cost $8. What was the profit?
- $15
- $71
- $18
- $17
Zara keeps $25 in a piggy bank that earns nothing extra. A bank savings account can slowly earn interest instead. Which option grows the money by itself?
- the piggy bank
- the bank savings account
- neither one grows
- both grow the same amount
Noah gets $10. Noah plans to spend $5, save $3, and give $2 to a food pantry. How much will Noah give?
- $2
- $3
- $10
- $5
What is one thing a bank or credit union is for?
- it prevents people from ever taking their money out
- it keeps all deposited money for itself
- it spends customers' savings on gifts for itself
- it keeps people's money safe and can lend money
A family makes the same car loan payment every month. Is this expense fixed or variable?
- variable
- fixed
- profit
- income
Kenji's car wash fundraiser made $60 in sales. Supplies cost $20. What was the profit?
- $4
- $42
- $40
- $38
Priya saves the same $20 for a year in two places: one account that earns interest, and one jar that earns nothing extra. Which will have more money at the end of the year?
- they will have the same amount
- the account that earns interest
- the jar that earns nothing extra
- neither will have any money
Noah gets $10 and plans to spend $5, save $3, and give $2 to a food pantry. How much will Noah save?
- $3
- $2
- $10
- $5
A family needs to borrow money for a car. Which kind of place offers loans?
- a bank
- a farm
- a movie theater
- a toy store