3rd Grade: Money Pre-Test NAME:
_____________
DATE: ___________
1. How much is each coin worth? Write the value of the coin directly underneath it. Use the cent sign appropriately in your answer.
___________
____________
_____________
____________
2. Fill in the blank with the sum of the bills and coins pictured below. Use the dollar sign and decimal point appropriately in your answer.
______________
3. Read the following question and fill in the blanks with the correct answer. Tyler has 7 quarters, 4 dimes, and 1 nickel. He wants to buy a bookmark that costs $1.20. State two equivalent sets of coins could he use to buy the bookmark. ___________________________ and ______________________________ 1
4. Read the statement below and circle the letter of the response that correctly answers the question. Andrew has the following coins and bills in his wallet. How much money does Andrew have altogether?
a) b) c) d)
$6.11 $6.21 $6.51 $7.01
5. Mark the statement True or False, by circling T for True and F for False. T
F
If Sam has 1 $5 bill, 2 quarters, 2 dimes and 5 pennies in his pocket and Lisa has 4 $1bills, 6 quarters, 1 dime, and 3 nickels in her pocket, both Sam and Lisa have the same amount of money in their pockets
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6. On the line to the left of each coin in Column A, write the letter of its monetary value in Column B.
Column A
Column B a. b. c. d. e.
5 1 10 30 25
_______ 1.
_______ 2.
________3.
________4.
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7. On the line to the left of each item in Column A, write the letter of its approximate monetary value in Column B.
Column A
Column B a) b) c) d)
$1 $25 $400 $100,000
______ 1.
_______ 2.
_______ 3.
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8. On the line to the left of each item in Column A, write the letter of its approximate monetary value in Column B.
Column A
Column B a) b) c) d)
$1 $25 $150 $200,000
______ 1.
_______ 2.
_______ 3.
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9. Patty has four $1 bills, 3 quarters, 5 dimes, 1 nickel, and 5 pennies. She wants to buy a magazine that costs $4.75. Design a chart to find all possible sets of bills and coins she can use to buy the magazine.
10. Sue wants to buy a book that costs $4.45. She has four $1 bills, 3 quarters, 2 dimes, 1 nickel, and 6 pennies. Design a chart to find all possible sets of bills and coins she can use to buy the book.
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11. Read the following paragraph and answer the question stated below. You have a model airplane that you don’t want anymore. Your best friend has a baseball mitt that he doesn’t want anymore. Suppose you really want a baseball mitt, so you tell your best friend that you’ll give him your model airplane in exchange for his baseball mitt. He agrees and you make the exchange. Now you want a baseball to go with your new baseball mitt so you open your closet door to start looking for something you’re willing to give away in exchange for receiving a baseball. Consider the paragraph on the bartering system above. Based on our discussion on a monetary system in class, do you think bartering (swapping goods) is more or less efficient than swapping money? Give two reasons why. Limit your answer to one paragraph
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12. Read the following paragraph and answer the question stated below. Suppose you had a lot of corn, but no meat, and the farmer down the road had a lot of meat but no corn. If that was the case then you could agree on a fair swap, and swap corn for meat. This is known as bartering- you don’t need money to “buy” an item, rather you traded an item you didn’t need for a different item you did need. Now, continuing with the scenario, suppose you needed meat, but the farmer already had corn. He might not want any more corn, he may want something else, perhaps some eggs. If you still wanted the meat, you would have to find someone who had too many eggs, and wanted some corn. Consider the paragraph on the bartering system above. Based on our discussion on a monetary system in class, do you think bartering (swapping goods) is more or less efficient than swapping money? Give two reasons why. Limit your answer to one paragraph
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Please complete the following two questions. Read the following question and fill in the blanks with the correct answer. Tyler has 7 quarters, 4 dimes, and 1 nickel. He wants to buy a bookmark that costs $1.20. State two equivalent sets of coins could he use to buy the bookmark. ___________________________ and ______________________________
Mark the statement True or False, by circling T for True and F for False. T
F
If Sam has 1 $5 bill, 2 quarters, 2 dimes and 5 pennies in his pocket and Lisa has 4 $1bills, 6 quarters, 1 dime, and 3 nickels in her pocket, both Sam and Lisa have the same amount of money in their pockets
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