Budgets and Money Decisions
Grade 4 - Social Studies - On Level
A family has an electricity bill that changes with how much power is used. Is this expense fixed or variable?
- fixed
- profit
- variable
- income
Maria's lemonade stand made $25 in sales. Supplies cost $8. What was the profit?
- $17
- $20
- $19
- $71
Priya keeps $20 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 bank savings account
- neither one grows
- both grow the same amount
- the piggy bank
Noah gets $10. Noah plans to spend $5, save $3, and give $2 to a food pantry. How much will Noah give?
- $3
- $2
- $10
- $5
What is one thing a bank or credit union is for?
- it keeps people's money safe and can lend money
- it keeps all deposited money for itself
- it prevents people from ever taking their money out
- it spends customers' savings on gifts for itself
A family pays the same $900 rent every single month. Is this expense fixed or variable?
- profit
- fixed
- income
- variable
Kenji's car wash fundraiser made $60 in sales. Supplies cost $20. What was the profit?
- $39
- $37
- $40
- $4
Zara saves the same $25 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?
- neither will have any money
- the account that earns interest
- the jar that earns nothing extra
- they will have the same amount
Leo gets $9 and plans to spend $4, save $3, and give $2 to a class fundraiser. How much will Leo save?
- $3
- $4
- $9
- $2
A family wants to borrow money to buy a car. Which kind of place can help with a loan?
- a farm
- a bank
- a toy store
- a movie theater