Money is the currency we use to exchange goods and services in our daily transactions. Understanding how to calculate costs, compare prices, manage savings, and budget expenses is crucial for financial literacy. The Money Quiz for Class 5 helps you make smart purchasing decisions and understand the importance of saving. It prepares you to handle financial responsibilities independently as you grow older. Solve these 10 MCQs to evaluate your understanding of money and its real-world applications.
Liam saves $3.25 every week and puts it in his piggybank. How much money will he have in his piggybank after 6 weeks?
Answer: (b) $19.50
Sophia has two $20 bills, three $5 bills, two $1 coins and two quarters. What is the total amount of money she has?
Answer: (c) $57.50
Samuel has $3.75. The cost of an eraser is $0.75. How many erasers can he buy?
Answer: (a) 5
The cost of a dozen apples is $14.40. What is the cost of one apple?
Answer: (b) $1.20
Julian buys a coat for $217.50, a pair of shoes for $92.75 and a tie for $57.25. What is the total money he has to pay?
Answer: (d) $367.50
Suzie buys a backpack, a lunch box and a water bottle costing $27.75, $12.50 and $17.50 respectively. What is the total amount of money she will have to pay?
Answer: (d) $57.75
At a garage sale, Lucas buys a basketball glove for $8.25, a scooter for $18.50 and a hat for $3.75. He gives two $20 bills at the payment counter. How much change will he receive?
Answer: (a) $9.50
Ben has 8 quarters, 10 dimes, 5 nickels and 20 pennies in a jar. What is the total amount of money in the jar?
Answer: (c) $3.45
Samantha buys a T-shirt worth $38 and a trackpant worth $25. She has $85 in her purse. While paying at the counter a $10 note and a $5 note falls from her purse. How much money is left in her purse?
Answer: (a) $7
A family spent $36.25 on buying 5 tickets for a music concert. What is the cost of 1 ticket?
Answer: (b) $7.25
| Topic | Quiz |
|---|---|
| Number Names | Quiz on Number Names |
| Computation Operations | Quiz on Computation Operations |
| Fractions | Quiz on Fractions |
| Measurements | Quiz on Measurements |
| Time and Temperature | Quiz on Time and Temperature |
| Money | Quiz on Money |
| Geometry | Quiz on Geometry |
| Perimeter | Quiz on Perimeter |
| Data Handling | Quiz on Data Handling |
