Money and Financial Literacy — Answer Key
Part A: Fix the Sentence
Each sentence has an error. Rewrite it correctly on the line.
1. Fix the sentence:
Four dimes equal 50 cents
Corrected: Four dimes equal 40 cents
Ten plus ten plus ten plus ten equals forty cents, not fifty cents total.
2. Fix the sentence:
$6.25 is greater than $6.52
Corrected: $6.52 is greater than $6.25
Both have six dollars, but fifty-two cents is more than twenty-five cents in value.
3. Fix the sentence:
$2.30 + $1.45 = $3.85
Corrected: $2.30 + $1.45 = $3.75
Thirty plus forty-five cents is seventy-five, and two plus one dollar makes three dollars.
Part B: Fill in the Blank
Write the missing word or number on each line.
1. A nickel and three pennies equal 8 cents.
Five cents plus three pennies of one cent each equals eight cents total.
2. $5.00 minus $2.85 equals $2.15.
Five dollars minus two dollars eighty-five cents leaves two dollars and fifteen cents.
3. A toy costs $3.40 and a snack costs $1.25. Total is $4.65.
Forty cents plus twenty-five cents is sixty-five cents, plus three plus one is four dollars.
4. Five dimes plus two quarters equal 100 cents.
Five times ten is fifty cents, two times twenty-five is fifty cents, totaling one hundred.
Part C: Short Answer
Answer each question in one or two complete sentences.
1. A juice box is $1.80 and a fruit cup is $2.15. Which costs more and by how much?
Sample answer: The fruit cup costs more by $0.35 because $2.15 minus $1.80 equals thirty-five cents.
Two dollars fifteen cents minus one dollar eighty cents leaves a difference of thirty-five cents.
2. You have one $5 bill, two quarters, and a dime. How much money do you have?
Sample answer: I have $5.60 because five dollars plus fifty cents plus ten cents equals five dollars sixty cents.
Five dollars plus two quarters worth fifty cents plus a dime worth ten cents equals $5.60.