Money and making change

Front

What is money?

Back

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

Front

What does 'making change' mean?

Back

Making change is the process of giving back the difference between the amount paid and the cost of an item.

Front

If an item costs $2.38 and you pay with a $5 bill, how do you find the change?

Back

Subtract the cost from the amount paid: $5.00 - $2.38 = $2.62.

Front

What is the formula to calculate change?

Back

Change = Amount Paid - Cost of Item.

Front

If you buy something for $8.99 and pay with a $10 bill, how much change do you get?

Back

You get $1.01 back.

Front

What is a $20 bill?

Back

A $20 bill is a form of currency worth twenty dollars.

Front

If you owe $14.53 and pay with a $20 bill, how much change do you receive?

Back

You receive $5.47 back.

Front

What is the value of a $10 bill?

Back

A $10 bill is a form of currency worth ten dollars.

Front

If you buy jeans for $28.65 and pay with a $30 bill, how much change do you get?

Back

You get $1.35 back.

Front

What does 'no change is needed' mean?

Back

It means the amount paid is exactly equal to the cost of the item.