Financial Literacy (3rd grade)

The amount of money a person can earn by being self-employed or by doing a job for another person or business.

• lots of money

• Salary

• Labor

• chores

Abigail earns $10 per hour and Audrey earns $12 per hour. Abigail worked 9 hours and Audrey worked 8 hours. Who earned more money?

• Abigail, because $90 is more than $96

• Audrey, because $96 is less than $90

• Abigail, because $90 is the same as $96

• Audrey, because $96 is more than $90

Why would Card C possibly be the most expensive?

• They made too many, so the price is higher

• Card C is rare and hard to find, so it is the most expensive

• They guessed the price

To give money/items as a gift or a way to help

• Donate

• Purchase

• Labor

Guillermo wants to buy a new baseball bat for $75. He has saved $40. If he saves $5 each week for 5 weeks, will he have enough to buy the bat?

• Yes, because he will have a total of $75

• No, because he will only have $70

• No, because he will only have $65

Which of the following is a planned spending decision?

• buying a toy last minute because your friend told you to

• Saving your allowance for 6 weeks to buy a new bike

• Buying a piece of candy while standing in line at the grocery store

Planned spending can help you reach a goal

• True

• False

Mary finished nursing school. Ben finished high school. Which statement about their job opportunities is most likely to be true?

• Ben has more specialized skills than Mary

• Ben and Mary may do the same job.

• Mary will likely become a nurse.

Work that a person does to earn money

• Labor

• Donate

• unplanned spending

How much more money does the Model T cost than the Convertible?

• $788

• $138

• $134