Unit 8: Personal Financial Literacy
Unit Assessment
Use this 4th grade math assessment to evaluate students’ understanding of fixed and variable expenses, profit, financial institutions, saving strategies, interest, and budgeting decisions.
Students will:
• identify fixed vs. variable expenses and analyze spending patterns
• determine the total cost of producing a product and calculate profit
• evaluate how pricing decisions impact profitability
• analyze the purpose of financial institutions and FDIC insurance
• interpret how interest rates affect loans and savings
• explain the advantages and disadvantages of different saving options
• calculate income, expenses, and balanced budgets
• analyze how budget decisions affect long-term financial outcomes
Standards:
TEKS: 4.10A, 4.10B, 4.10C, 4.10D, 4.10E
