FINANCIAL LITERACY
Earning Income
Which of these is a way someone can earn income?
A. Watching TV
B. Doing chores for neighbors
C. Spending money
D. Playing video games
B. Doing chores for neighbors
Explanation: You earn income by working or doing jobs, like chores for others.
Multiplication then Addition
Lila has 4 baskets. Each basket has 6 apples. She picks 5 more apples. How many apples does she have in total?
A. 24
B. 29
C. 30
D. 34
D. 29
Explanation: 4 baskets × 6 apples = 24 apples. Then add 5 more: 24 + 5 = 29 apples.
Identifying Value of a Digit
What is the value of the 5 in the number 3,582?
A. 5
B. 50
C. 500
D. 5,000
C. 500
📘 Explanation: The 5 is in the hundreds place, so its value is 500.
Identifying Shapes
**Which shape has 4 equal sides and 4 right angles?
A. Triangle
B. Rectangle
C. Square
D. Rhombus
C. Square
📘 Explanation: A square has 4 equal sides and 4 right (90°) angles.
Finding Area (Counting Squares)
What is the area of a rectangle that is 4 units long and 3 units wide?
A. 7 square units
B. 12 square units
C. 14 square units
D. 24 square units
B. 12 square units
📘 Explanation: Area = length × width → 4 × 3 = 12 square units.
Saving Money
Why is it important to save money?
A. To buy everything you see
B. To always spend it quickly
C. To have money for future needs or wants
D. So you don't have to work
C. To have money for future needs or wants
Saving helps you be prepared for future expenses.
Division then Multiplication
A baker has 36 cookies. He puts them equally into 6 boxes. Then he sells 3 boxes. How many cookies did he sell?
A. 6
B. 12
C. 18
D. 24
C. 18
Explanation: 36 ÷ 6 = 6 cookies per box. He sells 3 boxes: 3 × 6 = 18 cookies.
Expanded Form
What is 4,276 written in expanded form?
A. 4,000 + 200 + 70 + 6
B. 400 + 20 + 70 + 6
C. 4,000 + 70 + 6
D. 4,000 + 200 + 60 + 7
A. 4,000 + 200 + 70 + 6
📘 Explanation: Break the number down by each digit’s place value.
Sides and Vertices
How many sides and vertices does a triangle have?
A. 4 sides and 4 vertices
B. 3 sides and 3 vertices
C. 5 sides and 5 vertices
D. 6 sides and 6 vertices
B. 3 sides and 3 vertices
📘 Explanation: A triangle always has 3 sides and 3 corners (vertices).
Understanding Perimeter
What is the perimeter of a rectangle with a length of 6 units and a width of 4 units?
A. 10 units
B. 24 units
C. 20 units
D. 12 units
C. 20 units
📘 Explanation: Perimeter = 6+6+4+4=20 units.
Needs vs. Wants
Which of the following is a need?
A. A new video game
B. A skateboard
C. Food and water
D. A teddy bear
C. Food and water
Needs are things you must have to live, like food, water, and shelter.
Multiplication then Subtraction
Each crate holds 8 water bottles. There are 5 crates. If 6 bottles are taken out, how many bottles are left?
A. 34
Explanation: 5 × 8 = 40 bottles. 40 − 6 = 34 bottles left.
Comparing Numbers
Which number is greater?
A. 6,431
B. 6,413
A. 6,431
📘 Explanation: Compare digits starting from the left — the tens digit makes 6,431 larger than 6,413.
Classifying 3D Solids
Which 3D shape has 6 flat square faces?
A. Cylinder
B. Cone
C. Cube
D. Rectangular prism
C. Cube
📘 Explanation: A cube has 6 square faces, all the same size.
Area Using Squares
A shape is made of 5 rows with 2 squares in each row. What is the area?
A. 10 square units
B. 7 square units
C. 12 square units
D. 20 square units
A. 10 square units
📘 Explanation: 5 rows × 2 squares = 10 square units.
Budgeting
If Alex earns $10 and spends $6, how much money does he have left?
A. $4
B. $6
C. $10
D. $16
A. $4
$10 - $6 = $4. The rest is what he saved or has left.
Division then Addition
Sophie has 20 pencils. She gives the same number to each of her 4 friends. Then she buys 3 more pencils. How many pencils does she have now?
D. 3
Explanation: 20 ÷ 4 = 5 pencils per friend. She gives away all 20. Then she buys 3 more, so now she has 3.
Standard Form
Which number is the same as 2,000 + 300 + 40 + 8?
A. 2,348
B. 2,438
C. 2,384
D. 2,834
A. 2,348
📘 Explanation: Add each part together by place value to find the standard form.
Lines and Angles
Which type of line never crosses and always stays the same distance apart?
A. Intersecting lines
B. Perpendicular lines
C. Curved lines
D. Parallel lines
D. Parallel lines
📘 Explanation: Parallel lines never touch and are always the same distance apart.
Perimeter Word Problem
Liam walks around a rectangular garden that is 8 feet long and 3 feet wide. How many feet does he walk?
B. 22 feet
📘 Explanation: 8+8+3+3=22.
Understanding Scarcity
There are only 5 basketballs in the school gym, but 10 students want to play. What does this situation show?
A. Everyone will get a basketball
B. There are more basketballs than needed
C. The basketballs are not good
D. There is scarcity because there aren’t enough basketballs for everyone
D. There is scarcity because there aren’t enough basketballs for everyone
Explanation: Scarcity means there are limited resources and not enough for everyone to have what they want. In this case, more students want basketballs than there are available.
Mixed Operation Challenge
A toy store has 7 shelves. Each shelf has 9 toys. If the store sells 18 toys, how many toys are left?
A. 63
B. 45
C. 81
D. 27
B. 45
Explanation: 7 × 9 = 63 toys. 63 − 18 = 45 toys left.
Place Value of a Digit
In the number 7,164, what is the place value of the digit 1?
A. Tens
B. Hundreds
C. Thousands
D. Ones
B. Hundreds
📘 Explanation: The 1 is in the third place from the right, which is the hundreds place.
Shape Attributes
Which shape has only one curved surface and no edges or vertices?
A. Sphere
B. Cylinder
C. Cone
D. Cube
A. Sphere
📘 Explanation: A sphere is round with no flat surfaces, edges, or corners.
Area Word Problem
A rug is 7 feet long and 5 feet wide. What is the area of the rug?
A. 12 square feet
B. 35 square feet
C. 24 square feet
D. 30 square feet
B. 35 square feet
📘 Explanation: Area = length × width → 7 × 5 = 35 square feet.