Money Management Quiz

Sarah has $10 to spend at the school fair. She buys a toy for $4 and a snack for $3. How much money does she have left?

• $1

• $3

• $4

• $5

Answer explanation

Sarah starts with $10. She spends $4 on a toy and $3 on a snack, totaling $7. Subtracting this from $10 leaves her with $3. Therefore, the correct answer is $3.

Tom wants to buy a book that costs $8. He has $5. How much more money does he need to buy the book?

• $2

• $3

• $4

• $5

Answer explanation

Tom needs $8 for the book but only has $5. To find out how much more he needs, subtract his current amount from the book's cost: $8 - $5 = $3. Therefore, he needs $3 more.

Emily buys a pencil for $2 and gives the cashier a $5 bill. How much change should she get back?

• $1

• $2

• $3

• $4

Answer explanation

Emily pays $5 and buys a pencil for $2. To find her change, subtract the cost from the amount given: $5 - $2 = $3. Therefore, she should get back $3.

Jack has $15. He spends $5 on a toy car and $6 on a book. How much money does he have left?

• $2

• $3

• $4

• $5

Answer explanation

Jack starts with $15. He spends $5 on a toy car and $6 on a book, totaling $11 spent. Subtracting this from $15 leaves him with $4. Therefore, the correct answer is $4.

Lily wants to buy a gift for her friend. She has $20 and the gift costs $18. How much money will she have after buying the gift?

• $1

• $2

• $3

• $4

Answer explanation

Lily has $20 and the gift costs $18. After buying the gift, she will have $20 - $18 = $2 left. Therefore, the correct answer is $2.