Financial Literacy 3rd grade

Which scenario best describes a PLANNED spending decision?

• Carsten bought a new Pokeball that was on sale when he went to the store to buy a backpack for school.

• Jaidyn saved his money for three months so he could sign up to play football.

• Makinzy spent all of her money she'd been saving on makeup instead of new glasses she needed.

• Grace went to the store to buy eggs and cheese for her mom, but she spent money on Easter candy instead.

Leah had been saving her money to buy a new skateboard. She had saved almost enough, when she got hungry at the movies and decided to spend $8.00 on popcorn. Was her decision to buy popcorn a planned or unplanned spending decision?

• Planned

• Unplanned

• Neither

• Both

Tito baked cookies with her mom and sold them at a neighborhood bake sale. She received $12. How would you describe what she's done?

• Consuming

• Volunteering

• Earning

• Spending

What is the most likely reason items go on sale?

• Cost increased

• Profit increased

• Supply decreased

• Demand decreased

You're in line to buy nachos at a baseball game. When you get to the front of the line, they tell you they are sold out. This is an example of-

• cost

• profit

• trade

• scarcity

Henry Ford is an entrepreneur who started a company to produce-

• computers

• automobiles

• cookies

• cosmetics

Families must budget their money. They earn it, spend some on _________ like clothes or groceries. What best completes the sentence?

• goods

• services

• savings

• profits

If someone buys a new scooter for $150, but later sells it for $300, they will make a-

• credit

• donation

• debt

• profit

Who founded Wal Mart?

• Wally Samuel

• Sam Walton

• Wallace Simpson

• Henry Ford

Imagine a company who produces items such as swimsuits and sandals. Why would their prices be lower during the winter months?

• The demand is higher for that type of clothing in winter.

• The demand is lower for that type of clothing in winter.

• The company hired a lot of new employees.

• The company donated its profit to charity.