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Review - Financial Literacy & Place Value

Last updated over 1 year ago
21 questions
1

Look at the equation below.

(32 ÷ 8) ÷ □ = 32 ÷ (8 ÷ □)

What number can be placed in the boxes to make the equation true?

1

Look at the equation below.

(12 ÷ 6) ÷ □ = 12 ÷ (6 ÷ □)

What number can be placed in the boxes to make the equation true?

4
Larry measures the speed of his Hot Wheels cars in his home. He recorded the results below.


According to the chart, __________ was the fastest, __________ was the 2nd fastest, and __________ was the 3rd fastest. __________ was the slowest.
4
Complete the statement with the correct term.

Social Security and Medicare are types of ____________ tax than an employer withholds from their employees. A tax that the government collects from personal earned money is called a(n) ___________ tax. A tax added to the cost of goods and services to help pay for local amenities like roads and schools is a __________ tax. A tax paid once per year on land or a home you own is a _____________ tax.
Other Answer Choices:
income
property
payroll
sales
1

Evel Knievel bought a motorcycle and paid $5,400 including tax. The actual cost of the motorcycle was $4,800. Which statement best describes the difference between the actual cost of the motorcycle and the amount Evel Knievel paid?

1

Tim the Tool Man build a new shed in his backyard. Which statement best describes a result of adding the new shed?

3
Earl was offered a job with a salary of $900 a week. When he received his first paycheck, the amount was $763.

Fill in each dropdown selection to explain the reason for the differences in these numbers.

Earl's $900 earned weekly salary represents his __________ and Earl's $763 actual payment represents his __________ because __________ .
1

Mr. Ingman’s net income for the month of July was $2,510. The table shows his July budget except for an amount in the "Car payment" category.


What amount should be in the “Car payment” category in order for Mr. Ingman's budget to be balanced?

1

The United States Dollar can be converted to the Mexican Peso by multiplying the US dollar amount by the number (1 × 10) + (7 × 1) + (7 × 0.1) + (2 × 0.001). What is this value written in standard form?

2
In Nascar racing, the first race of the year is always the Daytona 500. One lap at the Daytona 500 is exactly 4.023 km. What is the value of the digit 3 in this number?

__________ __________
2
José Altuve's lifetime batting average is 0.307.

What is José Altuve's lifetime batting average rounded to the nearest hundredth? _______

What is José Altuve's lifetime batting average rounded to the nearest tenth? _______
2
Yellow Pine trees are some of the tallest trees in East Texas. The tallest Yellow Pine tree recorded in East Texas was 134.462 feet tall.

What is the height of the tallest Yellow Pine tree rounded to the nearest hundredth? _______

What is the height of the tallest Yellow Pine tree rounded to the nearest tenth? _______
1

Ryan and Scott have a rope that measures 74.48 feet long. Ryan cut off 9.3 feet to make a lead for a ski handle. Scott needs a piece of rope that measures 52.5 feet for a ski rope. About how many feet will Scott need to cut off the remaining piece of rope to get the final length that he needs for his ski rope?

1

Sara went to HEB and purchased three packages of strawberries with their weights shown below.

3.459 lbs 2.89 lbs 4.2 lbs

What is the best approximation for the total weight of all three packages of strawberries rounded to the nearest pound (lbs)?

1

The table below shows the average time it takes to run a 40-yard dash by position in the NFL.


What is the difference, in seconds, between the slowest position and the fastest position?

1

The table below shows the average time it takes to run a 40-yard dash by position in the NFL.


What is the difference, in seconds, between the two positions with the longest (slowest) combined time and the two positions with the shortest (fastest) combined time?

1

Simplify the expression below.

[3.95 + (12 ÷ 3)] – 2.09

1

Simplify the expression below.

7.623 + 15 – (18.2 + 3.845)

1

Mattress Mack wanted to keep a formal record of all the transactions for his furniture business. Which statement describes the best system he should use to keep track of all of his financial records?

2
Ricky's car stopped working. The mechanic says it will cost $250 to fix. He did NOT plan for this expense in his budget. What are the two best ways Ricky can adjust his budget to pay for this expense?

Choose the correct answer from the drop-down menus to complete the statement.

Ricky can __________ or __________.
2

Frank pays his auto insurance using electronic payments.

What are the advantages of Frank using electronic payments to pay his auto insurance?

Select TWO correct answers.