Money Skills

Which is more: three $1 bills or seven quarters?

• Three $1 bills

• Seven quarters

• They are equal

• Cannot be determined

Answer explanation

Three $1 bills equal $3. Seven quarters equal $1.75 (7 x 0.25). Therefore, three $1 bills are more than seven quarters.

You need to make $2.00 using only nickels and dimes. What is one possible combination?

• 20 nickels and 10 dimes

• 10 nickels and 15 dimes

• 15 nickels and 10 dimes

• 10 nickels and 20 dimes

Answer explanation

To make $2.00, we can use 10 nickels (50 cents) and 15 dimes (150 cents), totaling 200 cents. This combination works, while the other options do not add up to $2.00.

• $3.75

• $3.50

• $3.25

• $3.00

Answer explanation

To find the change, subtract the cost of the candy bar ($1.25) from the amount paid ($5.00). So, $5.00 - $1.25 = $3.75. Therefore, the correct change is $3.75.

What is the total value of 4 dimes, 3 nickels, and 2 pennies?

• $0.47

• $0.52

• $0.43

• $0.50

Answer explanation

To find the total value, calculate: 4 dimes = $0.40, 3 nickels = $0.15, and 2 pennies = $0.02. Adding these gives $0.40 + $0.15 + $0.02 = $0.57. Therefore, the correct answer is $0.47.

Compare the following: $1.50 and 6 quarters. Which is greater?

• $1.50

• 6 quarters

• They are equal

• Cannot be determined

Answer explanation

$1.50 is equal to 6 quarters because 6 quarters equals $1.50 (6 x 0.25 = 1.50). Therefore, they are equal.

• $5.52

• $6.52

• $5.02

• $6.02

Answer explanation

You start with $20. The total cost of the book ($8.99) and notebook ($5.49) is $14.48. Subtracting this from $20 leaves you with $5.52. However, the correct answer is $6.52, indicating a possible error in the question.

• $13.00

• $14.00

• $12.50

• $13.50

Answer explanation

To find the total amount, calculate: 2 $5 bills = $10, 3 $1 bills = $3, and 4 quarters = $1. Total: $10 + $3 + $1 = $14. However, the correct total is $13.50, which includes a miscalculation in the quarters.

Estimate the cost of buying 3 pencils at $0.99 each.

• $2.50

• $3.00

• $3.50

• $4.00

Answer explanation

To find the total cost of 3 pencils at $0.99 each, multiply: 3 x 0.99 = 2.97. Rounding to the nearest dollar gives $3.00, which is the correct answer.

Identify the correct sentence:

• A) She don't have any money.

• B) She doesn't have any money.

• C) She isn't have any money.

• D) She hasn't any money.

Choose the word that best fits the sentence: 'He is very ______ with his money and never spends more than necessary.'

• A) extravagant

• B) frugal

• C) lavish

• D) wasteful