Philippine Currency and Money Concepts

The video tutorial introduces the concept of money as a medium of exchange, focusing on Philippine money, which includes both coins and paper bills. It explains the evolution of these currencies and how to identify their values, from the smallest centavo to the largest peso bill. The tutorial also covers translating money from word form to numerical symbols and calculating the total value of combined bills and coins. The video concludes with a call to practice the skills learned.

What is the primary function of money?

• To serve as a medium of exchange

• To be a collectible item

• To be used only for savings

• To be a form of entertainment

What are the two types of Philippine money?

• Paper bills and coins

• Digital currency and cash

• Checks and credit cards

• Gold and silver

What has happened to Philippine money over time?

• It has been replaced by foreign currency

• It has remained unchanged

• It has become obsolete

• It has undergone improvements and changes

What is the smallest denomination in Philippine money?

• 1 centavo

• 5 centavos

• 10 centavos

• 1 peso

What is the largest denomination in Philippine money?

• 5000 pesos

• 500 pesos

• 2000 pesos

• 1000 pesos

Which symbol is used for pesos?

• £

• ₱

• $

• €

How do you translate money from word form to numerical form?

• By writing it in a sentence

• By using the peso and centavo signs

• By drawing it

• By using only numbers

What do the numbers after the decimal point represent in money?

• Dollars

• Centavos

• Euros

• Pesos

What is the total value of a 500 peso bill, 100 peso bill, 20 peso coin, 1 peso, and two 25 centavos?

• 500 pesos

• 650 pesos

• 621 pesos and 50 centavos

• 700 pesos

What is the total value of a 1000 peso bill, 50 peso bill, 3 pesos, and 25 centavos?

• 1000 pesos

• 1053 pesos and 25 centavos

• 1050 pesos

• 1100 pesos