$解:(1)因为正数大于负数,$
$所以3>-7;$
$(2)因为|-5.3|=5.3,|-5.4|=5.4,且5.3<5.4,$
$所以-5.3>-5.4;$
$(3)因为|-\frac {3}{8}|=\frac {3}{8},|-\frac {5}{8}|=\frac {5}{8},且\frac {3}{8}<\frac {5}{8},$
$所以-\frac {3}{8}>-\frac {5}{8}.$
$(4)因为负数小于正数$
$-|-3.71|=-3.71,-(-0.84)=0.84$
$所以-|-3.71|<-(-0.84).$