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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 ______________________________

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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) $6.11
b) $6.21
c) $6.51
d) $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. 5
b. 1
c. 10
d. 30
e. 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) $1
b) $25
c) $400
d) $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) $1
b) $25
c) $150
d) $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