The unit test for the 4th grade money and financial literacy unit. Pages 1 and 2 are Form A. Pages 3 and 4 are Form B: the same kinds of question in the same order with different money and stories, for a retake, a make-up or a second seating. Each form has 12 questions, one point each, and a Score line on its first page. Every lesson in this unit is a state lesson, and the questions follow the lessons: questions 1 and 2 count money and make an amount with the fewest bills and coins, 3 and 4 ask whether there is enough, 5 and 6 make change, and 7 to 12 are financial literacy (fixed and variable expenses, profit, ways to save, an allowance plan and what banks do). The pre-check and the unit review are packs of their own.
This unit comes from state standards, so give the parts your state teaches and score out of the questions you give. Questions 1 and 2 (counting bills and coins, the fewest bills and coins) are taught in 4th grade in Oklahoma and South Carolina, questions 3 and 4 (enough money) in South Carolina, and questions 5 and 6 (making change from up to $20) in Florida and Oklahoma. Questions 7 to 12 are the Texas financial literacy lessons. Every amount of bills and coins is $20.00 or less. The parts can also be given at different times of the year, as each is taught. The answer keys name each question's skill, so a missed question points to the lesson to reteach.
Use Form B as a check after the unit. Count the money in a wallet together, pay for something with a $20 bill and count on to check the change, and talk about which family bills stay the same each month and which change.
This pack supports the following Common Core State Standards for Mathematics:
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A unit test on money and financial literacy, in two forms, A and B. Students count bills and coins, decide whether there is enough money, make change, and answer questions about expenses, profit, ways to save, an allowance and what banks do.
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