Money Flashcard

Front

What is money?

Back

Money is a medium of exchange that is used to buy goods and services.

Front

What is a cent?

Back

A cent is a unit of currency equal to one hundredth of a dollar.

Front

How do you calculate change?

Back

To calculate change, subtract the total cost from the amount paid.

Front

If you have $10 and spend $2.99, how do you find out how much you have left?

Back

Subtract $2.99 from $10.00.

Front

What does it mean to owe money?

Back

To owe money means you have to pay someone back for something you bought or borrowed.

Front

How much is a $5 bill worth?

Back

A $5 bill is worth five dollars.

Front

What is the total cost if you buy two items for $2.50 each?

Back

The total cost is $2.50 + $2.50 = $5.00.

Front

If you earn $4 for each dog you walk, how much do you earn for walking 3 dogs?

Back

You earn $4 x 3 = $12.

Front

What is a budget?

Back

A budget is a plan for how to spend and save money.

Front

How do you find the total amount of money you have?

Back

Add up all the money you have in different forms (coins, bills, etc.).