Unit 6 Review: Money Conversions

How can you return $0.28 in change using the fewest coins?

• 2 dimes, 1 nickel, and 3 pennies

• 2 dimes and 8 pennies

• 1 dime, 3 nickels and 3 pennies

• 1 quarter and 3 pennies

You are at a restaurant and your bill comes to $45.82. The sales tax is 6% and you give the waitress a 20% tip on the total amount.

What is your total bill plus tip?

• $58.28

• $57.73

• $54.98

• $48.57

How much change will you get back if you pay $60? Remember, the total bill with tip was $58.28.

• $2.27

• $11.43

• $5.02

• $1.72

You are at a restaurant and your bill comes to $34.78. You need to add the sales tax which is 6%.

How much is your total bill including tax?

• $36.87

• $34.84

• $34.78

• $32.69

Based on your total bill in the previous question ($36.87), how much should you give the server so you do not get back any pennies? You have one $20 bill, two $10 bills, one $5 bill, five $1 bills, and 4 pennies.

• $37.02

• $37.04

• $37.03

• $37.01

You are traveling to Switzerland for vacation and need to exchange your money for the Swiss franc. You have $1,000, how much will you have in the Swiss franc?

Conversion Ratio: $1 = ₣0.93

• ₣107.53

• ₣930.00

• ₣1,075.27

• ₣93.00

An object has what type of value when the object represents a given value, but is not actually worth that amount based solely on the material that it is made of.

• intrinsic

• currency

• denomination

• extrinsic

The United States uses the Fiat Monetary System. That means that the dollar IS linked to a specific material or asset.

• True

• False

List some ways that you can increase your grade in Consumer Math.

Evaluate responses using AI:

OFF

What are your plans for the weekend?

• hang out with friends

• sleep

• get some exercise

• complete overdue assignments

• play video games