Understanding Money

The video tutorial introduces the concept of money, explaining its role in paying for goods and services. It categorizes money into coins and bills, detailing the different denominations and their characteristics. The importance of money in daily life is highlighted, emphasizing its necessity for purchasing basic needs. The video concludes with advice on saving money and the significance of financial responsibility.

What is the primary function of money?

• To decorate homes

• To pay for goods and services

• To make friends

• To travel the world

Which of the following is NOT a type of coin mentioned?

• Centavo coins

• Peso coins

• Double coins

• Dollar coins

What is the smallest denomination of centavo coins?

• 5 centavos

• 25 centavos

• 10 centavos

• 1 centavo

Which peso coin has the highest value?

• 1 peso

• 5 pesos

• 10 pesos

• New peso coin

What color is the 50 peso bill?

• Green

• Red

• Orange

• Violet

Which bill has the highest value?

• 500 pesos

• 1000 pesos

• 200 pesos

• 50 pesos

Why is money important in our lives?

• It is used to make art

• It helps us buy basic needs

• It is a way to travel

• It is a form of entertainment

How can children help their parents with money?

• By asking for more money

• By saving money in the bank

• By ignoring money matters

• By spending all their money

What should you do when someone gives you money?

• Save it in the bank

• Hide it under your bed

• Spend it immediately

• Give it away

What is the final advice given in the video?

• Spend money on luxuries

• Save money and buy only what is needed

• Ignore money matters

• Invest in stocks