Unit 1 Review: Money and Spending

Unit 1 Review: Money and Spending

Assessment

Flashcard

Mathematics

12th Grade

Practice Problem

Hard

CCSS
6.RP.A.3C, 6.RP.A.3B, RI.11-12.5

+9

Standards-aligned

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

What is the exchange rate?

Back

The exchange rate is the value of one currency for the purpose of conversion to another. For example, 1 USD = 0.96 Euros.

Tags

CCSS.6.RP.A.3B

2.

FLASHCARD QUESTION

Front

How do you convert Euros to US dollars?

Back

To convert Euros to US dollars, divide the amount in Euros by the exchange rate. For example, 128 Euros / 0.96 = 133.33 USD.

Tags

CCSS.6.RP.A.3B

3.

FLASHCARD QUESTION

Front

What does 'bartering' mean in finance?

Back

Bartering is the exchange of one good for another without using money.

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

4.

FLASHCARD QUESTION

Front

What is negotiating in the context of trade?

Back

Negotiating is the process of discussing terms and reaching an agreement, such as exchanging goods.

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

5.

FLASHCARD QUESTION

Front

How do you calculate a sale price after a discount?

Back

To calculate the sale price, subtract the discount amount from the original price. For example, $60 - ($60 * 0.25) = $45.

Tags

CCSS.6.RP.A.3C

6.

FLASHCARD QUESTION

Front

What is a coupon in retail?

Back

A coupon is a voucher that provides a discount on a purchase.

7.

FLASHCARD QUESTION

Front

How do you calculate the savings from a coupon?

Back

To calculate savings from a coupon, multiply the original price by the discount percentage. For example, $240 * 0.20 = $48.

Tags

CCSS.6.RP.A.3C

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