Money

Front

What is rounding in mathematics?

Back

Rounding is the process of adjusting the digits of a number to make it simpler and easier to work with, while keeping its value close to what it was. For example, rounding $4.65 to the nearest dollar gives $5.00.

Front

What does it mean to make change?

Back

Making change refers to the process of giving back the correct amount of money to a customer after a purchase, ensuring that the total amount paid matches the cost of the items bought.

Front

If a total rounds to $10.00, what does that imply about the actual total?

Back

It implies that the actual total is between $9.50 and $10.49, as these values round to $10.00.

Front

What is the significance of estimating costs?

Back

Estimating costs helps in budgeting and making quick decisions about purchases without needing exact amounts.

Front

How do you calculate change from a purchase?

Back

To calculate change, subtract the total cost of the items from the amount paid. For example, if you pay $5.00 for an item that costs $3.42, the change is $5.00 - $3.42 = $1.58.

Front

What is a dollar bill?

Back

A dollar bill is a form of currency in the United States, representing one unit of the US dollar.

Front

What does it mean to pay with cash?

Back

Paying with cash means using physical money (coins and bills) to make a purchase instead of using credit or debit cards.

Front

What is the value of a quarter?

Back

A quarter is worth 25 cents, or one-fourth of a dollar.

Front

What is a dime?

Back

A dime is a coin worth 10 cents, or one-tenth of a dollar.

Front

What is a penny?

Back

A penny is a coin worth 1 cent, or one-hundredth of a dollar.