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WorksheetsFinancial Literacy 3rd grade
Total questions: 10
Worksheet time: 5mins
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.
