Counting money and making change

Front

What is money?

Back

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

Front

What is change in a transaction?

Back

Change is the amount of money returned to a buyer after they pay for a purchase that costs less than the amount they gave.

Front

How do you calculate change owed?

Back

Subtract the total cost from the amount given to find the change owed.

Front

If you buy something for $12 and pay with a $15 bill, how much change do you get?

Back

$3.00

Front

What do you do if you don't have enough money to buy something?

Back

You need to find out how much more money you need to buy the item.

Front

If an item costs $30 and you have $15.50, how much more do you need?

Back

$15.50

Front

What is the total amount needed for a group project?

Back

The total amount is the sum of all contributions needed to complete the project.

Front

If a class needs $220 and has $188, how much more do they need?

Back

$32.00

Front

What is a bill in terms of money?

Back

A bill is a piece of paper money that represents a specific amount.

Front

If you pay $20 for a $15 item, how much change do you receive?

Back

$5.00