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Money & planning

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Sample exercises

Grades 3–8 · Money & planning

You have 12 tokens and spend 5. How many tokens remain?

  1. 17
  2. 7
  3. 6
  4. 5
Answer and explanation

7

7

Grades 3–8 · Money & planning

Which helps you know how much money is available to spend?

  1. Throwing away all records
  2. Guessing every time
  3. Ignoring prices
  4. Recording income and expenses
Answer and explanation

Recording income and expenses

Recording income and expenses

Grades 3–8 · Money & planning

Plan a class picnic with a pretend budget of 50 units. List at least four costs and keep the total at or below 50.

Answer and explanation

Check four relevant items, clear amounts, correct addition and a total no greater than 50. Prices are fictional.

Check four relevant items, clear amounts, correct addition and a total no greater than 50. Prices are fictional.

Grades 3–8 · Money & planning

Explain why comparing the price per item can be more useful than comparing only package prices.

Answer and explanation

Packages can contain different quantities. Unit prices compare equal amounts, while quality and actual need may still matter.

Packages can contain different quantities. Unit prices compare equal amounts, while quality and actual need may still matter.

Grades 3–8 · Money & planning

Create a checklist for packing for a day trip. Group your items into at least three categories.

Answer and explanation

Look for practical items, clear categories and consideration of the activity and weather. Do not require personal details.

Look for practical items, clear categories and consideration of the activity and weather. Do not require personal details.

Grades 5–9 · Money & planning

A club budget is 150 units. Supplies cost 65 and transport costs 40. How many units remain?

Answer and explanation

45

150 − 65 − 40 = 45

Study notes