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Worksheets

Shark 1 - (3/12/2024)

Total questions: 48

Worksheet time: 39mins

Name
Class
Date
1.

Sarah is a 10th-grade student who wants to buy a new laptop for school. She has saved $800 from her part-time job. The laptop she wants costs $1,200. Sarah's parents have offered to pay half of the cost as a gift for her good grades. How much more does Sarah need to save or earn to buy the laptop?

a)

$200

b)

$400

c)

$600

d)

$800

2.

Diego is a 10th-grade student who is considering getting a part-time job to save money for college. He estimates that he can earn $200 per week at a local restaurant. If Diego wants to save $5,000 for college, how many weeks will he need to work at the restaurant to reach his goal?

a)

20 weeks

b)

25 weeks

c)

30 weeks

d)

35 weeks

3.

Jessica is a 10th-grade student who is thinking about opening a savings account. She has $500 in cash that she wants to deposit. If the bank offers an interest rate of 2% per year, how much money will Jessica have in her account after one year?

a)

$510

b)

$505

c)

$520

d)

$515

4.

John wants to purchase a new smartphone.

.

He has two options:

.

Option A: Pay $300 upfront for the phone and $30 per month for the next two years.

.

Option B: Pay $600 upfront for the phone with no monthly payments.

.

If John can afford to pay either upfront cost, which option would be more financially beneficial for him in the long run?

a)

Option A

b)

Option B

c)

Both options are equally beneficial

d)

It depends on John's monthly income

5.

Emily receives $500 as a birthday gift from her grandparents.

.

She is considering two ways to spend the money:

.

Option A: Use the entire amount to buy a designer handbag that costs $500.

.

Option B: Save $400 of the money and spend $100 on a high-quality backpack for school.

.

.Which option demonstrates better financial planning for Emily's future?

a)

Option A

b)

Option B

c)

Both options are equally good

d)

It depends on Emily's fashion preferences

6.

Sarah is contemplating how to use her summer job earnings of $800.

.

She has two choices:

.

Option A: Spend $400 on a weekend getaway with friends and save the remaining $400.

.

Option B: Invest the entire $800 in a low-risk mutual fund.

.

Which option aligns better with Sarah's long-term financial goals?

a)

Option A

b)

Option B

c)

Both options are equally beneficial

d)

It depends on Sarah's immediate needs

7.

Maria, a 10th-grade student, wants to buy a new laptop for school. She has saved $800 from her part-time job. The laptop she wants costs $1,200. She decides to:

a)

Use her savings to buy the laptop and borrow the remaining $400 from her parents.

b)

Keep saving until she can afford the laptop without borrowing money.

c)

Buy a cheaper laptop that fits her budget.

d)

Apply for a credit card to purchase the laptop and pay it off over time.

8.

Carlos, a 10th-grade student, receives $500 as a birthday gift. He is considering two options: saving the money for a future purchase or investing it in a stock he believes will increase in value. What financial concept is Carlos considering?

a)

Budgeting

b)

Opportunity cost

c)

Risk management

d)

Credit management

9.

Diego, a 10th-grade student, wants to start a small business selling handmade jewelry. He estimates that the startup costs, including materials and tools, will be $300. Diego plans to sell each piece of jewelry for $20. How many pieces of jewelry does Diego need to sell to break even?

a)

10 pieces

b)

15 pieces

c)

20 pieces

d)

25 pieces

10.

Maria is a 10th-grade student who wants to buy a new phone. She has saved $300 from her part-time job. The phone she wants costs $500. What is the most financially responsible decision for Maria?

a)

Buy the phone using her savings and borrow the remaining $200 from a friend.

b)

Continue saving until she has enough money to buy the phone.

c)

Use her savings to buy a different, less expensive phone.

d)

Use her savings and borrow the remaining $200 from her parents.

11.

Juan is considering getting a part-time job to earn some extra money. Which of the following is a potential advantage of having a part-time job as a high school student?

a)

Earning money to spend on personal expenses.

b)

Gaining work experience and skills.

c)

Having more free time for studying and hobbies.

d)

All of the above.

12.

Sofia received $500 as a gift for her birthday. She is trying to decide between saving the money for college or buying a new laptop. What should she consider before making her decision?

a)

Her long-term goals and priorities.

b)

The potential return on investment for each option.

c)

The current condition of her current laptop.

d)

All of the above.

13.

Diego wants to start saving for a car that he plans to buy when he turns 18. Which of the following savings options would be the most appropriate for him?

a)

Keeping his savings in a piggy bank.

b)

Opening a savings account with a bank.

c)

Investing in stocks.

d)

None of the above.

14.

Andrea needs to buy a graphing calculator for her math class. She can either buy a new calculator for $100 or a used one for $50. Which option would be the most financially savvy for Andrea?

a)

Buying the new calculator for $100.

b)

Buying the used calculator for $50.

c)

Borrowing a calculator from a friend.

d)

None of the above.

15.

Javier wants to start investing some of his money. What should he consider before making any investment decisions?

a)

His risk tolerance.

b)

His investment goals.

c)

The potential returns and risks of different investment options.

d)

All of the above.

16.

Maria is considering taking out a student loan to pay for college. What should she consider before taking out a loan?

a)

The interest rate on the loan.

b)

Her ability to repay the loan after graduation.

c)

The total cost of the loan over time.

d)

All of the above.

17.

Sofia is thinking about opening a savings account to save money for college. Which of the following is an advantage of using a savings account for this purpose?

a)

The money is easily accessible.

b)

The money earns interest over time.

c)

The account is protected by the FDIC.

d)

All of the above.

18.

Javier is considering applying for a credit card. What should he consider before applying for a credit card?

a)

The interest rate on the card.

b)

The credit limit on the card.

c)

The fees associated with the card.

d)

All of the above.

19.
What is the total amount?
a)
$0.70
b)
$0.50
c)
$0.60
d)
$1.20
20.
Count on to find the total amount.
a)
$0.82
b)
$0.72
c)
$0.92
d)
$1.32
21.
How much is this worth?
a)
8 cents
b)
12 cents
c)
3 cents
d)
21 cents
22.
How much is this?
a)
8 cents
b)
18 cents
c)
16 cents
d)
21 cents
23.

How much is 3 dimes worth?

a)

40 cents

b)

3 cents

c)

15 cents

d)

30 cents

24.
a)
37
37 cents
b)
62 cents
c)
57 cents
d)
67 cents
25.

How much money is this?

(a)  

26.

How much money is this?

(a)  

27.

How much money is this?

(a)  

28.

How do you write one dollar?

a)

$1.00

b)

$.01

c)

$.10

d)

$10.00

29.

What amount has the same value as $1.00?

a)

100¢

b)

1,000¢

c)

50¢

d)

$10.00

30.

Find TWO different pictures that show a value of 100¢.

a)
b)
c)
d)
31.
What is the value of quarter?
a)
25 cents 
b)
10 cents
c)
5 cents
d)
1 cents
32.
How much is this?
a)
45 cents
b)
30 cents
c)
25 cents
d)
35 cents
33.
How much is this?
a)
8 cents
b)
18 cents
c)
16 cents
d)
21 cents
34.
How much is this?
a)
12 cents
b)
8 cents
c)
15 cents
d)
27 cents
35.
How much is this?
a)
13 cents
b)
23 cents
c)
25 cents
d)
18 cents
36.

Select all of the ways that you can make one dollar with coins.

a)

4 quarters

b)

10 nickels

c)

10 dimes

d)

100 pennies

37.

Select all of the ways that you can make one dollar with coins.

a)

5 dimes and 2 quarters

b)

2 quarters, 3 dimes, and 4 nickels

c)

100 pennies

d)

8 dimes and 2 quarters

e)

5 quarters and 5 nickels

38.

Count on to find the total amount.

a)

82¢

b)

72¢

c)

95¢

d)

45¢

39.


You receive $500 as a gift. You can either save it for college or spend it on a new gaming console. Which is the wiser financial choice?

a)

Save it for college

b)

Spend it on a new gaming console

40.

You have $100 to spend on clothes. You can either buy a few high-quality items that will last longer or several cheaper items. Which is a better financial decision?

a)

Buy high-quality items

b)

Buy several cheaper items

41.

You are offered a summer job that pays $10 per hour for 20 hours per week, or a job that pays $8 per hour for 30 hours per week. Which job offers a higher income?

a)

$10 per hour for 20 hours per week

b)

$8 per hour for 30 hours per week

42.

You receive your first paycheck of $200. You can either save it for a future goal or spend it on a new smartphone. Which is a smarter financial choice?

a)

Save it for a future goal

b)

Spend it on a new smartphone

43.

You want to buy a new video game that costs $60. You can either buy it now or wait until it goes on sale for $40. Which is the more economical choice?

a)

Buy it now for $60

b)

Wait until it goes on sale for $40

44.

You have $50 to spend on entertainment. You can either go to a movie theater or buy a streaming subscription for a month. Which is the more cost-effective option?

a)

Go to a movie theater

b)

Buy a streaming subscription for a month

45.

You receive a $50 gift card to a clothing store. You can either spend it all at once or save it for later purchases. Which option is more financially responsible?

a)

Spend it all at once

b)

Save it for later purchases

46.

You are considering buying a used car for $5,000 or a new car for $20,000. Which option is more budget-friendly?

a)

Buy a used car for $5,000

b)

Buy a new car for $20,000

47.

You want to buy a new laptop for school. You can either pay $800 upfront or finance it with monthly payments of $50 for 18 months. Which option is more cost-effective?

a)

Pay $800 upfront

b)

Finance it with monthly payments of $50 for 18 months

48.

You have $100 to invest. You can either put it in a savings account with a 1% annual interest rate or invest it in stocks with an average annual return of 7%. Which option offers a higher potential return?

a)

Put it in a savings account with a 1% annual interest rate

b)

Invest it in stocks with an average annual return of 7%