{"id":2086,"date":"2022-04-26T07:38:46","date_gmt":"2022-04-26T07:38:46","guid":{"rendered":"https:\/\/www.splashlearn.com\/article-test-new\/?page_id=2086"},"modified":"2024-01-23T11:19:06","modified_gmt":"2024-01-23T11:19:06","slug":"money-definition-with-examples","status":"publish","type":"post","link":"https:\/\/www.splashlearn.com\/math-vocabulary\/money\/money","title":{"rendered":"Concept of Money\u00a0 &#8211; Definition With Examples"},"content":{"rendered":"\n<div class=\"wp-block-columns eplus-wrapper is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column eplus-wrapper is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\"><div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\tMath-Vocabulary\n<\/span><\/div>\n\n<div class=\"ub_table-of-contents\" data-showtext=\"show\" data-hidetext=\"hide\" data-scrolltype=\"auto\" id=\"ub_table-of-contents-2ee507a4-3421-47f5-8e37-ef7830e846a5\" data-initiallyhideonmobile=\"false\"\n                    data-initiallyshow=\"true\"><div class=\"ub_table-of-contents-extra-container\"><div class=\"ub_table-of-contents-container ub_table-of-contents-1-column \"><ul><li><a href=https:\/\/www.splashlearn.com\/math-vocabulary\/money\/money#0-money-introduction>Money: Introduction<\/a><\/li><li><a href=https:\/\/www.splashlearn.com\/math-vocabulary\/money\/money#2-what-is-the-concept-of-money-in-math>What Is the Concept of Money in Math?<\/a><\/li><li><a href=https:\/\/www.splashlearn.com\/math-vocabulary\/money\/money#15-use-of-money-in-math-and-real-life>Use of Money in Math and Real Life<\/a><\/li><li><a href=https:\/\/www.splashlearn.com\/math-vocabulary\/money\/money#20-solved-examples>Solved Examples<\/a><\/li><li><a href=https:\/\/www.splashlearn.com\/math-vocabulary\/money\/money#21-practice-problems>Practice Problems<\/a><\/li><li><a href=https:\/\/www.splashlearn.com\/math-vocabulary\/money\/money#22-frequently-asked-questions>Frequently Asked Questions<\/a><\/li><\/ul><\/div><\/div><\/div>\n\n\n<h2 class=\"wp-block-heading eplus-wrapper\" id=\"0-money-introduction\">Money: Introduction<\/h2>\n\n\n\n<p class=\"eplus-wrapper\">Money is a mode of payment accepted by both sellers and buyers for goods and services. Money is what we give in return when we buy stuff like food, clothes, house, groceries, etc. We give money in return for purchasing anything. This is a simple trade or exchange.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-full eplus-wrapper\"><img loading=\"lazy\" decoding=\"async\" width=\"620\" height=\"475\" src=\"https:\/\/www.splashlearn.com\/math-vocabulary\/wp-content\/uploads\/2024\/01\/money-in-exchange-of-goods.png\" alt=\"Money in exchange of goods\" class=\"wp-image-37614\" title=\"Money in exchange of goods\" srcset=\"https:\/\/www.splashlearn.com\/math-vocabulary\/wp-content\/uploads\/2024\/01\/money-in-exchange-of-goods.png 620w, https:\/\/www.splashlearn.com\/math-vocabulary\/wp-content\/uploads\/2024\/01\/money-in-exchange-of-goods-300x230.png 300w\" sizes=\"auto, (max-width: 620px) 100vw, 620px\" \/><\/figure>\n\n\n\n<div id=\"recommended-games-container-id\" class=\"recommended-games-container\"><h4 class=\"recommended-games-container-headline\">Recommended Games<\/h4><div class=\"recommended-games-container-slides\"><div class=\"game-card-container-outer\">\r\n\t<a href=\"https:\/\/www.splashlearn.com\/s\/math-games\/add-and-find-the-amount-of-money-in-given-word-problems\" data-vars-ga-category=\"splashlearn_vocab\" data-vars-ga-action=\"games_recommendations\" data-vars-ga-label=\"post_widget\">\r\n\t\t<div class=\"game-card-container-inner-block\">\r\n\t\t\t<img decoding=\"async\" class=\"game-card-container-inner-img\" src=\"https:\/\/cdn.splashmath.com\/curriculum_uploads\/images\/playables\/measurement_add_word_prob_2_pt.png\" alt=\"Add and Find the Amount of Money in Given Word Problems Game\">\r\n\t\t<\/div>\r\n\t\r\n\t\t<div class=\"game-card-container-inner\">\r\n\t\t\t<div class=\"game-card-container-inner-name\">Add and Find the Amount of Money in Given Word Problems Game<\/div>\r\n\t\t\t<span class=\"game-card-container-inner-cta\">Play<\/span>\r\n\t\t<\/div>\r\n\t<\/a>\r\n<\/div><div class=\"game-card-container-outer\">\r\n\t<a href=\"https:\/\/www.splashlearn.com\/s\/math-games\/add-money\" data-vars-ga-category=\"splashlearn_vocab\" data-vars-ga-action=\"games_recommendations\" data-vars-ga-label=\"post_widget\">\r\n\t\t<div class=\"game-card-container-inner-block\">\r\n\t\t\t<img decoding=\"async\" class=\"game-card-container-inner-img\" src=\"https:\/\/cdn.splashmath.com\/curriculum_uploads\/images\/playables\/money_add_money_amounts_pt.png\" alt=\"Add Money Game\">\r\n\t\t<\/div>\r\n\t\r\n\t\t<div class=\"game-card-container-inner\">\r\n\t\t\t<div class=\"game-card-container-inner-name\">Add Money Game<\/div>\r\n\t\t\t<span class=\"game-card-container-inner-cta\">Play<\/span>\r\n\t\t<\/div>\r\n\t<\/a>\r\n<\/div><div class=\"game-card-container-outer\">\r\n\t<a href=\"https:\/\/www.splashlearn.com\/s\/math-games\/add-the-given-amounts-of-money\" data-vars-ga-category=\"splashlearn_vocab\" data-vars-ga-action=\"games_recommendations\" data-vars-ga-label=\"post_widget\">\r\n\t\t<div class=\"game-card-container-inner-block\">\r\n\t\t\t<img decoding=\"async\" class=\"game-card-container-inner-img\" src=\"https:\/\/cdn.splashmath.com\/curriculum_uploads\/images\/playables\/money_add_money_pt.png\" alt=\"Add the Given Amounts of Money Game\">\r\n\t\t<\/div>\r\n\t\r\n\t\t<div class=\"game-card-container-inner\">\r\n\t\t\t<div class=\"game-card-container-inner-name\">Add the Given Amounts of Money Game<\/div>\r\n\t\t\t<span class=\"game-card-container-inner-cta\">Play<\/span>\r\n\t\t<\/div>\r\n\t<\/a>\r\n<\/div><div class=\"game-card-container-outer\">\r\n\t<a href=\"https:\/\/www.splashlearn.com\/s\/math-games\/arrange-coins-and-count-money\" data-vars-ga-category=\"splashlearn_vocab\" data-vars-ga-action=\"games_recommendations\" data-vars-ga-label=\"post_widget\">\r\n\t\t<div class=\"game-card-container-inner-block\">\r\n\t\t\t<img decoding=\"async\" class=\"game-card-container-inner-img\" src=\"https:\/\/cdn.splashmath.com\/curriculum_uploads\/images\/playables\/money_arrange_count_pnd_g1_pt.png\" alt=\"Arrange Coins and Count Money Game\">\r\n\t\t<\/div>\r\n\t\r\n\t\t<div class=\"game-card-container-inner\">\r\n\t\t\t<div class=\"game-card-container-inner-name\">Arrange Coins and Count Money Game<\/div>\r\n\t\t\t<span class=\"game-card-container-inner-cta\">Play<\/span>\r\n\t\t<\/div>\r\n\t<\/a>\r\n<\/div><div class=\"game-card-container-outer\">\r\n\t<a href=\"https:\/\/www.splashlearn.com\/s\/math-games\/calculate-the-difference-between-amounts-of-money\" data-vars-ga-category=\"splashlearn_vocab\" data-vars-ga-action=\"games_recommendations\" data-vars-ga-label=\"post_widget\">\r\n\t\t<div class=\"game-card-container-inner-block\">\r\n\t\t\t<img decoding=\"async\" class=\"game-card-container-inner-img\" src=\"https:\/\/cdn.splashmath.com\/curriculum_uploads\/images\/playables\/measurement_sub_word_prob_2_pt.png\" alt=\"Calculate the Difference Between Amounts of Money Game\">\r\n\t\t<\/div>\r\n\t\r\n\t\t<div class=\"game-card-container-inner\">\r\n\t\t\t<div class=\"game-card-container-inner-name\">Calculate the Difference Between Amounts of Money Game<\/div>\r\n\t\t\t<span class=\"game-card-container-inner-cta\">Play<\/span>\r\n\t\t<\/div>\r\n\t<\/a>\r\n<\/div><div class=\"game-card-container-outer\">\r\n\t<a href=\"https:\/\/www.splashlearn.com\/s\/math-games\/count-money-with-coins-of-a-type\" data-vars-ga-category=\"splashlearn_vocab\" data-vars-ga-action=\"games_recommendations\" data-vars-ga-label=\"post_widget\">\r\n\t\t<div class=\"game-card-container-inner-block\">\r\n\t\t\t<img decoding=\"async\" class=\"game-card-container-inner-img\" src=\"https:\/\/cdn.splashmath.com\/curriculum_uploads\/images\/playables\/money_count_money_similar_coins_pnd_g1_pt.png\" alt=\"Count Money with Coins of a Type Game\">\r\n\t\t<\/div>\r\n\t\r\n\t\t<div class=\"game-card-container-inner\">\r\n\t\t\t<div class=\"game-card-container-inner-name\">Count Money with Coins of a Type Game<\/div>\r\n\t\t\t<span class=\"game-card-container-inner-cta\">Play<\/span>\r\n\t\t<\/div>\r\n\t<\/a>\r\n<\/div><div class=\"game-card-container-outer\">\r\n\t<a href=\"https:\/\/www.splashlearn.com\/s\/math-games\/count-money-with-different-coins\" data-vars-ga-category=\"splashlearn_vocab\" data-vars-ga-action=\"games_recommendations\" data-vars-ga-label=\"post_widget\">\r\n\t\t<div class=\"game-card-container-inner-block\">\r\n\t\t\t<img decoding=\"async\" class=\"game-card-container-inner-img\" src=\"https:\/\/cdn.splashmath.com\/curriculum_uploads\/images\/playables\/money_count_mixed_coins_pnd_g1_pt.png\" alt=\"Count Money with Different Coins Game\">\r\n\t\t<\/div>\r\n\t\r\n\t\t<div class=\"game-card-container-inner\">\r\n\t\t\t<div class=\"game-card-container-inner-name\">Count Money with Different Coins Game<\/div>\r\n\t\t\t<span class=\"game-card-container-inner-cta\">Play<\/span>\r\n\t\t<\/div>\r\n\t<\/a>\r\n<\/div><div class=\"game-card-container-outer\">\r\n\t<a href=\"https:\/\/www.splashlearn.com\/s\/math-games\/count-the-total-money\" data-vars-ga-category=\"splashlearn_vocab\" data-vars-ga-action=\"games_recommendations\" data-vars-ga-label=\"post_widget\">\r\n\t\t<div class=\"game-card-container-inner-block\">\r\n\t\t\t<img decoding=\"async\" class=\"game-card-container-inner-img\" src=\"https:\/\/cdn.splashmath.com\/curriculum_uploads\/images\/playables\/money_arrange_count_pnd_pt.png\" alt=\"Count the Total Money Game\">\r\n\t\t<\/div>\r\n\t\r\n\t\t<div class=\"game-card-container-inner\">\r\n\t\t\t<div class=\"game-card-container-inner-name\">Count the Total Money Game<\/div>\r\n\t\t\t<span class=\"game-card-container-inner-cta\">Play<\/span>\r\n\t\t<\/div>\r\n\t<\/a>\r\n<\/div><div class=\"game-card-container-outer\">\r\n\t<a href=\"https:\/\/www.splashlearn.com\/s\/math-games\/count-the-total-money-in-a-given-scenario\" data-vars-ga-category=\"splashlearn_vocab\" data-vars-ga-action=\"games_recommendations\" data-vars-ga-label=\"post_widget\">\r\n\t\t<div class=\"game-card-container-inner-block\">\r\n\t\t\t<img decoding=\"async\" class=\"game-card-container-inner-img\" src=\"https:\/\/cdn.splashmath.com\/curriculum_uploads\/images\/playables\/measurement_add_word_prob_1_pt.png\" alt=\"Count the Total Money in a GIven Scenario Game\">\r\n\t\t<\/div>\r\n\t\r\n\t\t<div class=\"game-card-container-inner\">\r\n\t\t\t<div class=\"game-card-container-inner-name\">Count the Total Money in a GIven Scenario Game<\/div>\r\n\t\t\t<span class=\"game-card-container-inner-cta\">Play<\/span>\r\n\t\t<\/div>\r\n\t<\/a>\r\n<\/div><div class=\"game-card-container-outer\">\r\n\t<a href=\"https:\/\/www.splashlearn.com\/s\/math-games\/count-total-money-using-different-types-of-coins\" data-vars-ga-category=\"splashlearn_vocab\" data-vars-ga-action=\"games_recommendations\" data-vars-ga-label=\"post_widget\">\r\n\t\t<div class=\"game-card-container-inner-block\">\r\n\t\t\t<img decoding=\"async\" class=\"game-card-container-inner-img\" src=\"https:\/\/cdn.splashmath.com\/curriculum_uploads\/images\/playables\/money_count_mixed_coins_qrtr_hlf_dollar_pt.png\" alt=\"Count Total Money using Different Types of Coins Game\">\r\n\t\t<\/div>\r\n\t\r\n\t\t<div class=\"game-card-container-inner\">\r\n\t\t\t<div class=\"game-card-container-inner-name\">Count Total Money using Different Types of Coins Game<\/div>\r\n\t\t\t<span class=\"game-card-container-inner-cta\">Play<\/span>\r\n\t\t<\/div>\r\n\t<\/a>\r\n<\/div><\/div><p class=\"recommended-games-container-desc\"><a href=\"https:\/\/www.splashlearn.com\/games\">More Games<\/a><\/p><button class=\"scroll-right-arrow\"><\/button><\/div><script type=\"text\/javascript\">\n        document.addEventListener(\"DOMContentLoaded\", function() {\n            const container = document.querySelector(\"#recommended-games-container-id\");\n            const slidesContainer = container.querySelector(\".recommended-games-container-slides\");\n            const cards = slidesContainer.querySelectorAll(\".game-card-container-outer\");\n            const scrollRightArrow = container.querySelector(\".scroll-right-arrow\");\n\n            function adjustContainerStyles() {\n                const numCards = cards.length;\n\n                if (numCards === 1) {\n                    container.style.maxWidth = \"30%\";\n                    container.style.textAlign = \"center\";\n                } else if (numCards === 2) {\n                    container.style.maxWidth = \"50%\";\n                    container.style.textAlign = \"center\";\n                } else if (numCards === 3) {\n                    container.style.maxWidth = \"75%\";\n                    container.style.textAlign = \"center\";\n                } else {\n                    container.style.maxWidth = \"\";\n                    container.style.textAlign = \"\";\n                }\n            }\n\n            function checkScrollPosition() {\n                const maxScrollLeft = slidesContainer.scrollWidth - slidesContainer.clientWidth;\n                if ((slidesContainer.scrollLeft + 10) >= maxScrollLeft) {\n                    scrollRightArrow.style.display = \"none\"; \/\/ Hide the arrow if fully scrolled\n                } else {\n                    scrollRightArrow.style.display = \"block\"; \/\/ Show the arrow if not fully scrolled\n                }\n            }\n\n            scrollRightArrow.addEventListener(\"click\", function() {\n                const scrollAmount = 300; \/\/ Adjust based on the container's width and your needs\n                slidesContainer.scrollLeft += scrollAmount;\n                setTimeout(checkScrollPosition, 100); \/\/ Delay to allow scroll update\n            });\n\n            adjustContainerStyles();\n            checkScrollPosition();\n            slidesContainer.addEventListener(\"scroll\", checkScrollPosition);\n        });\n    <\/script><h2 class=\"wp-block-heading eplus-wrapper\" id=\"1-history-of-money\">History of Money<\/h2>\n\n\n\n<p class=\"eplus-wrapper\">In the old days, when there was no concept of money, people used the barter system. People used to trade goods or services of equal or similar value for other goods, such as tea, food items, labor, weapons, salt, clothing, animals.&nbsp;<\/p>\n\n\n\n<p class=\"eplus-wrapper\">Over time, people started using metal coins, gold bars or silver coins. Coins can be considered as an important part of the history of money since it allowed people to count the amount of coins for purchasing different items. That was not the case in the barter system.<\/p>\n\n\n\n<p class=\"eplus-wrapper\">Now if we need something, we buy it in exchange for money. There is a fixed price allotted for each and every thing we try to buy. This is known as an advanced form of barter system. In this article, we will learn about money concepts, definition, currency, denomination currency, etc.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-full eplus-wrapper\"><img loading=\"lazy\" decoding=\"async\" width=\"620\" height=\"609\" src=\"https:\/\/www.splashlearn.com\/math-vocabulary\/wp-content\/uploads\/2024\/01\/barter-system.png\" alt=\"Barter system\" class=\"wp-image-37615\" title=\"Barter system\" srcset=\"https:\/\/www.splashlearn.com\/math-vocabulary\/wp-content\/uploads\/2024\/01\/barter-system.png 620w, https:\/\/www.splashlearn.com\/math-vocabulary\/wp-content\/uploads\/2024\/01\/barter-system-300x295.png 300w\" sizes=\"auto, (max-width: 620px) 100vw, 620px\" \/><\/figure>\n\n\n\n<div id=\"recommended-worksheets-container-id\" class=\"recommended-games-container\"><h4 class=\"recommended-games-container-headline\">Recommended Worksheets<\/h4><div class=\"recommended-games-container-slides\"><div class=\"worksheet-card-container-outer\">\r\n\t<a href=\"https:\/\/www.splashlearn.com\/s\/math-worksheets\/add-money-to-write-the-total-amount\" data-vars-ga-category=\"splashlearn_vocab\" data-vars-ga-action=\"worksheets_recommendations\" data-vars-ga-label=\"post_widget\">\r\n\t    <div class=\"worksheet-card-container-inner-block\">\r\n\t        <img decoding=\"async\" class=\"worksheet-card-container-inner-img\" src=\"https:\/\/cdn.splashmath.com\/cms_assets\/s\/math-worksheets\/add-money-to-write-the-total-amount.jpeg\" alt=\"Add Money to Write the Total Amount Worksheet\">\r\n\t    <\/div>\r\n\t\t<div class=\"worksheet-card-container-inner\" >\r\n\t\t<\/div><\/a>\r\n<\/div><div class=\"worksheet-card-container-outer\">\r\n\t<a href=\"https:\/\/www.splashlearn.com\/s\/math-worksheets\/compare-amounts-of-money\" data-vars-ga-category=\"splashlearn_vocab\" data-vars-ga-action=\"worksheets_recommendations\" data-vars-ga-label=\"post_widget\">\r\n\t    <div class=\"worksheet-card-container-inner-block\">\r\n\t        <img decoding=\"async\" class=\"worksheet-card-container-inner-img\" src=\"https:\/\/cdn.splashmath.com\/cms_assets\/s\/math-worksheets\/compare-amounts-of-money.jpeg\" alt=\"Compare Amounts of Money Worksheet\">\r\n\t    <\/div>\r\n\t\t<div class=\"worksheet-card-container-inner\" >\r\n\t\t<\/div><\/a>\r\n<\/div><div class=\"worksheet-card-container-outer\">\r\n\t<a href=\"https:\/\/www.splashlearn.com\/s\/math-worksheets\/complete-sentences-on-money\" data-vars-ga-category=\"splashlearn_vocab\" data-vars-ga-action=\"worksheets_recommendations\" data-vars-ga-label=\"post_widget\">\r\n\t    <div class=\"worksheet-card-container-inner-block\">\r\n\t        <img decoding=\"async\" class=\"worksheet-card-container-inner-img\" src=\"https:\/\/cdn.splashmath.com\/cms_assets\/s\/math-worksheets\/complete-sentences-on-money.jpeg\" alt=\"Complete Sentences On Money Worksheet\">\r\n\t    <\/div>\r\n\t\t<div class=\"worksheet-card-container-inner\" >\r\n\t\t<\/div><\/a>\r\n<\/div><div class=\"worksheet-card-container-outer\">\r\n\t<a href=\"https:\/\/www.splashlearn.com\/s\/math-worksheets\/identify-the-amount-of-money\" data-vars-ga-category=\"splashlearn_vocab\" data-vars-ga-action=\"worksheets_recommendations\" data-vars-ga-label=\"post_widget\">\r\n\t    <div class=\"worksheet-card-container-inner-block\">\r\n\t        <img decoding=\"async\" class=\"worksheet-card-container-inner-img\" src=\"https:\/\/cdn.splashmath.com\/cms_assets\/s\/math-worksheets\/identify-the-amount-of-money.jpeg\" alt=\"Identify the Amount of Money Worksheet\">\r\n\t    <\/div>\r\n\t\t<div class=\"worksheet-card-container-inner\" >\r\n\t\t<\/div><\/a>\r\n<\/div><div class=\"worksheet-card-container-outer\">\r\n\t<a href=\"https:\/\/www.splashlearn.com\/s\/math-worksheets\/make-enough-money\" data-vars-ga-category=\"splashlearn_vocab\" data-vars-ga-action=\"worksheets_recommendations\" data-vars-ga-label=\"post_widget\">\r\n\t    <div class=\"worksheet-card-container-inner-block\">\r\n\t        <img decoding=\"async\" class=\"worksheet-card-container-inner-img\" src=\"https:\/\/cdn.splashmath.com\/cms_assets\/s\/math-worksheets\/make-enough-money.jpeg\" alt=\"Make Enough Money Worksheet\">\r\n\t    <\/div>\r\n\t\t<div class=\"worksheet-card-container-inner\" >\r\n\t\t<\/div><\/a>\r\n<\/div><div class=\"worksheet-card-container-outer\">\r\n\t<a href=\"https:\/\/www.splashlearn.com\/s\/math-worksheets\/money-and-amounts\" data-vars-ga-category=\"splashlearn_vocab\" data-vars-ga-action=\"worksheets_recommendations\" data-vars-ga-label=\"post_widget\">\r\n\t    <div class=\"worksheet-card-container-inner-block\">\r\n\t        <img decoding=\"async\" class=\"worksheet-card-container-inner-img\" src=\"https:\/\/cdn.splashmath.com\/cms_assets\/s\/math-worksheets\/money-and-amounts.jpeg\" alt=\"Money and Amounts Worksheet\">\r\n\t    <\/div>\r\n\t\t<div class=\"worksheet-card-container-inner\" >\r\n\t\t<\/div><\/a>\r\n<\/div><\/div><p class=\"recommended-games-container-desc\"><a href=\"https:\/\/www.splashlearn.com\/worksheets\">More Worksheets<\/a><\/p><button class=\"scroll-right-arrow\"><\/button><\/div><script type=\"text\/javascript\">\n        document.addEventListener(\"DOMContentLoaded\", function() {\n            const container = document.querySelector(\"#recommended-worksheets-container-id\");\n            const slidesContainer = container.querySelector(\".recommended-games-container-slides\");\n            const cards = slidesContainer.querySelectorAll(\".worksheet-card-container-outer\");\n            const scrollRightArrow = container.querySelector(\".scroll-right-arrow\");\n\n            function adjustContainerStyles() {\n                const numCards = cards.length;\n\n                if (numCards === 1) {\n                    container.style.maxWidth = \"30%\";\n                    container.style.textAlign = \"center\";\n                } else if (numCards === 2) {\n                    container.style.maxWidth = \"50%\";\n                    container.style.textAlign = \"center\";\n                } else if (numCards === 3) {\n                    container.style.maxWidth = \"75%\";\n                    container.style.textAlign = \"center\";\n                } else {\n                    container.style.maxWidth = \"\";\n                    container.style.textAlign = \"\";\n                }\n            }\n\n            function checkScrollPosition() {\n                const maxScrollLeft = slidesContainer.scrollWidth - slidesContainer.clientWidth;\n                if ((slidesContainer.scrollLeft + 10) >= maxScrollLeft) {\n                    scrollRightArrow.style.display = \"none\"; \/\/ Hide the arrow if fully scrolled\n                } else {\n                    scrollRightArrow.style.display = \"block\"; \/\/ Show the arrow if not fully scrolled\n                }\n            }\n\n            scrollRightArrow.addEventListener(\"click\", function() {\n                const scrollAmount = 300; \/\/ Adjust based on the container's width and your needs\n                slidesContainer.scrollLeft += scrollAmount;\n                setTimeout(checkScrollPosition, 100); \/\/ Delay to allow scroll update\n            });\n\n            adjustContainerStyles();\n            checkScrollPosition();\n            slidesContainer.addEventListener(\"scroll\", checkScrollPosition);\n        });\n    <\/script><h2 class=\"wp-block-heading eplus-wrapper\" id=\"2-what-is-the-concept-of-money-in-math\">What Is the Concept of Money in Math?<\/h2>\n\n\n\n<p class=\"eplus-wrapper\">We deal with money on a daily basis. We need money to buy things and pay for services. Money is a medium of exchange that comes in different forms, like coins or notes that are issued by the government.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading eplus-wrapper\" id=\"3-money-definition\">Money: Definition<\/h2>\n\n\n\n<p class=\"eplus-wrapper\">Money can be defined as the medium of exchange, such as notes, coins, and demand deposits, used to pay for commodities and services. The value or price of an item or service is paid for using money. The US dollar is the official currency of the United States of America. A currency is the system of money used in a country.&nbsp; According to economic definition, money is anything that is widely accepted in exchange for goods and services.&nbsp;<\/p>\n\n\n\n<p class=\"eplus-wrapper\">Denomination is the stated value or the face value of currency notes or coins. American paper currency comes in seven denominations: $\\$1, \\$2, \\$5, \\$10, \\$20, \\$50$, and $\\$100$. Here are the different US dollar bill notes and different cents and coins:<\/p>\n\n\n\n<figure class=\"wp-block-image size-full eplus-wrapper\"><img loading=\"lazy\" decoding=\"async\" width=\"620\" height=\"958\" src=\"https:\/\/www.splashlearn.com\/math-vocabulary\/wp-content\/uploads\/2024\/01\/USD-denominations-notes-and-coins.png\" alt=\"USD denominations (notes and coins)\" class=\"wp-image-37616\" title=\"USD denominations (notes and coins)\" srcset=\"https:\/\/www.splashlearn.com\/math-vocabulary\/wp-content\/uploads\/2024\/01\/USD-denominations-notes-and-coins.png 620w, https:\/\/www.splashlearn.com\/math-vocabulary\/wp-content\/uploads\/2024\/01\/USD-denominations-notes-and-coins-194x300.png 194w\" sizes=\"auto, (max-width: 620px) 100vw, 620px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading eplus-wrapper\" id=\"4-why-is-money-important\">Why Is Money Important?<\/h2>\n\n\n\n<p class=\"eplus-wrapper\">Money allows us to meet our basic needs such as food, house, healthcare, education, etc., and thereby improve the quality of life. Money is not everything, but it is an essential part of life.<\/p>\n\n\n\n<h2 class=\"wp-block-heading eplus-wrapper\" id=\"5-benefits-of-money\">Benefits of Money<\/h2>\n\n\n\n<p class=\"eplus-wrapper\">Money in this day and age brings us quite close to achieving everything. Let us look at other fundamental aspects of the benefits of having money:<\/p>\n\n\n\n<ul class=\"eplus-wrapper wp-block-list\">\n<li class=\"eplus-wrapper\">Money gives us the power to pursue our dreams.<\/li>\n\n\n\n<li class=\"eplus-wrapper\">Money gives us a sense of security.&nbsp;<\/li>\n\n\n\n<li class=\"eplus-wrapper\">Money gives you freedom and independence.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading eplus-wrapper\" id=\"6-what-are-the-functions-of-money-primary-and-secondary-functions\">What Are the Functions of Money? Primary and Secondary Functions<\/h2>\n\n\n\n<p class=\"eplus-wrapper\">Definition of money refers to a common medium of exchange that is issued by the government, which acts as a legal tender for the whole country.&nbsp;<\/p>\n\n\n\n<p class=\"eplus-wrapper\">The functions of money can be classified into the following categories:<\/p>\n\n\n\n<h3 class=\"wp-block-heading eplus-wrapper\" id=\"7-1-primary-function-\"><strong>1. Primary function:&nbsp;<\/strong><\/h3>\n\n\n\n<p class=\"eplus-wrapper\">The primary function of money includes valuing money as a medium of exchange and as a measure of value.<\/p>\n\n\n\n<ul class=\"eplus-wrapper wp-block-list\">\n<li class=\"eplus-wrapper\">As a medium of exchange\u2014a situation where money is considered to be a mode of exchanging goods.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"eplus-wrapper wp-block-list\">\n<li class=\"eplus-wrapper\">As a measure of value\u2014money that helps in determining the worth of goods and services.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading eplus-wrapper\" id=\"8-2-secondary-function-\"><strong>2. Secondary function:&nbsp;<\/strong><\/h3>\n\n\n\n<p class=\"eplus-wrapper\">The secondary function of money is to store value and serve as a standard of delayed or deferred payment.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading eplus-wrapper\" id=\"9-what-is-currency\">What Is Currency?<\/h2>\n\n\n\n<p class=\"eplus-wrapper\">Currency is the system\/mode of money or standardization of money used in a country for general use, especially for people of a particular nation.&nbsp;<\/p>\n\n\n\n<p class=\"eplus-wrapper\">Each country has its own value of currency. Different types of money\/currencies are used in different countries. Currency is the money in the form of notes or coins issued by the government of a country.<\/p>\n\n\n\n<p class=\"eplus-wrapper\">Example: U.S. dollars (US $), Pounds Sterling (\u00a3), Euros (\u20ac), Japanese Yen (\u00a5), or Indian Rupees (\u20b9 or \u20a8) etc., are examples of currencies.<\/p>\n\n\n\n<h2 class=\"wp-block-heading eplus-wrapper\" id=\"10-types-of-currency\">Types of Currency<\/h2>\n\n\n\n<p class=\"eplus-wrapper\">There are many different types of currencies. Some of the new forms do not even have a physical presence yet, but they are popular. We have coins and bills, crypto and many more. Let us have a look at them.<\/p>\n\n\n\n<ul class=\"eplus-wrapper wp-block-list\">\n<li class=\"eplus-wrapper\"><strong>Coins<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"eplus-wrapper\">Any small metallic, flat, rounded, and authorized by a government is known as a coin. It is used as a prime medium of exchange of money. It may contain some images, numerals, or texts on its surface. It is standardized in weight and is produced in larger quantities. It usually doesn\u2019t hold much value.&nbsp;<\/p>\n\n\n\n<p class=\"eplus-wrapper\">In the USA, we have penny, nickel, dime, and quarter, etc.<\/p>\n\n\n\n<ul class=\"eplus-wrapper wp-block-list\">\n<li class=\"eplus-wrapper\"><strong>Bills<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"eplus-wrapper\">Bills are the form of currency notes issued by the government. They look like paper and are made out of cotton.&nbsp;<\/p>\n\n\n\n<p class=\"eplus-wrapper\">In the USA, we have $\\$1$ bill, $\\$2$ bill, $\\$5$ bill, and $\\$10$ bill, etc.<\/p>\n\n\n\n<ul class=\"eplus-wrapper wp-block-list\">\n<li class=\"eplus-wrapper\"><strong>Barter system<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"eplus-wrapper\">It was the ancient system of exchange of goods and services where livestocks were exchanged.&nbsp;<\/p>\n\n\n\n<ul class=\"eplus-wrapper wp-block-list\">\n<li class=\"eplus-wrapper\"><strong>Crypto currency<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"eplus-wrapper\">Lately, the world is switching to digital forms of currencies. Crypto currency is an emerging name in the field. They do not have any physical appearance but hold values greater than most of the economies.&nbsp;<\/p>\n\n\n\n<p class=\"eplus-wrapper\">We have many crypto currencies, such as Bitcoin, Dogecoin, Shiba Inu, etc.<\/p>\n\n\n\n<ul class=\"eplus-wrapper wp-block-list\">\n<li class=\"eplus-wrapper\"><strong>Plastic cards<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"eplus-wrapper\">Plastic money is what most of us use a lot these days. The credit card, debit card, etc., all are known by the name plastic cards that we use to pay for any goods we purchase.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full eplus-wrapper\"><img loading=\"lazy\" decoding=\"async\" width=\"620\" height=\"406\" src=\"https:\/\/www.splashlearn.com\/math-vocabulary\/wp-content\/uploads\/2024\/01\/evolution-of-money.png\" alt=\"Evolution of money\" class=\"wp-image-37617\" title=\"Evolution of money\" srcset=\"https:\/\/www.splashlearn.com\/math-vocabulary\/wp-content\/uploads\/2024\/01\/evolution-of-money.png 620w, https:\/\/www.splashlearn.com\/math-vocabulary\/wp-content\/uploads\/2024\/01\/evolution-of-money-300x196.png 300w\" sizes=\"auto, (max-width: 620px) 100vw, 620px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading eplus-wrapper\" id=\"11-currency-conversion-different-currency-names-and-value-in-dollar-table\">Currency Conversion: Different Currency Names and Value in Dollar (Table)<\/h2>\n\n\n\n<p class=\"eplus-wrapper\">Let us look at the following chart wherein we compare the different currencies with the USD.<\/p>\n\n\n\n<p class=\"eplus-wrapper\"><em>Note: This value is dynamic and keeps changing.<\/em><\/p>\n\n\n\n<figure class=\"wp-block-image size-full eplus-wrapper\"><img loading=\"lazy\" decoding=\"async\" width=\"620\" height=\"601\" src=\"https:\/\/www.splashlearn.com\/math-vocabulary\/wp-content\/uploads\/2024\/01\/currency-comparison-chart.png\" alt=\"Currency Comparison Chart\" class=\"wp-image-37618\" title=\"Currency Comparison Chart\" srcset=\"https:\/\/www.splashlearn.com\/math-vocabulary\/wp-content\/uploads\/2024\/01\/currency-comparison-chart.png 620w, https:\/\/www.splashlearn.com\/math-vocabulary\/wp-content\/uploads\/2024\/01\/currency-comparison-chart-300x291.png 300w\" sizes=\"auto, (max-width: 620px) 100vw, 620px\" \/><\/figure>\n\n\n\n<p class=\"eplus-wrapper\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading eplus-wrapper\" id=\"12-how-to-count-money\">How to Count Money<\/h2>\n\n\n\n<p class=\"eplus-wrapper\">To count your money, follow the steps below:<\/p>\n\n\n\n<ul class=\"eplus-wrapper wp-block-list\">\n<li class=\"eplus-wrapper\">Look at the number printed on each of the dollar bills you have.<\/li>\n\n\n\n<li class=\"eplus-wrapper\">Read all the values on the backs of your coins.<\/li>\n\n\n\n<li class=\"eplus-wrapper\">Sort your bills and coins by value.<\/li>\n\n\n\n<li class=\"eplus-wrapper\">Calculate the value of your coins by multiplying their values to their quantity.<\/li>\n\n\n\n<li class=\"eplus-wrapper\">Add the bill values together.<\/li>\n\n\n\n<li class=\"eplus-wrapper\">Add the total of bills and coins together.<\/li>\n<\/ul>\n\n\n\n<p class=\"eplus-wrapper\">After the end of this process, you will have your value of money that you hold.&nbsp;<\/p>\n\n\n\n<p class=\"eplus-wrapper\">Example: Count the given bills.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full eplus-wrapper\"><img loading=\"lazy\" decoding=\"async\" width=\"619\" height=\"234\" src=\"https:\/\/www.splashlearn.com\/math-vocabulary\/wp-content\/uploads\/2024\/01\/counting-dollar-bills.png\" alt=\"Counting dollar bills\" class=\"wp-image-37619\" title=\"Counting dollar bills\" srcset=\"https:\/\/www.splashlearn.com\/math-vocabulary\/wp-content\/uploads\/2024\/01\/counting-dollar-bills.png 619w, https:\/\/www.splashlearn.com\/math-vocabulary\/wp-content\/uploads\/2024\/01\/counting-dollar-bills-300x113.png 300w\" sizes=\"auto, (max-width: 619px) 100vw, 619px\" \/><\/figure>\n\n\n\n<p class=\"eplus-wrapper\">There are four five-dollar bills, and two one-dollar bills.<\/p>\n\n\n\n<p class=\"eplus-wrapper\">$\\$5 + \\$5 + \\$5 + \\$5 + \\$1 + \\$1 = \\$22$<\/p>\n\n\n\n<h2 class=\"wp-block-heading eplus-wrapper\" id=\"13-how-do-we-count-money-that-is-less-than-a-dollar\">How Do We Count Money That Is Less Than a Dollar?<\/h2>\n\n\n\n<p class=\"eplus-wrapper\">It is very important to know how to count money when we are using different coins or notes. The following image shows how different denominations are related.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full eplus-wrapper\"><img loading=\"lazy\" decoding=\"async\" width=\"619\" height=\"326\" src=\"https:\/\/www.splashlearn.com\/math-vocabulary\/wp-content\/uploads\/2024\/01\/american-coins.png\" alt=\"American coins\" class=\"wp-image-37620\" title=\"American coins\" srcset=\"https:\/\/www.splashlearn.com\/math-vocabulary\/wp-content\/uploads\/2024\/01\/american-coins.png 619w, https:\/\/www.splashlearn.com\/math-vocabulary\/wp-content\/uploads\/2024\/01\/american-coins-300x158.png 300w\" sizes=\"auto, (max-width: 619px) 100vw, 619px\" \/><\/figure>\n\n\n\n<p class=\"eplus-wrapper\">Example: Count the following coins.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full eplus-wrapper\"><img loading=\"lazy\" decoding=\"async\" width=\"620\" height=\"337\" src=\"https:\/\/www.splashlearn.com\/math-vocabulary\/wp-content\/uploads\/2024\/01\/counting-american-coins.png\" alt=\"Counting american coins\" class=\"wp-image-37621\" title=\"Counting american coins\" srcset=\"https:\/\/www.splashlearn.com\/math-vocabulary\/wp-content\/uploads\/2024\/01\/counting-american-coins.png 620w, https:\/\/www.splashlearn.com\/math-vocabulary\/wp-content\/uploads\/2024\/01\/counting-american-coins-300x163.png 300w\" sizes=\"auto, (max-width: 620px) 100vw, 620px\" \/><\/figure>\n\n\n\n<p class=\"eplus-wrapper\">There are 3 quarters, 1 nickel, and 2 pennies.&nbsp;<\/p>\n\n\n\n<p class=\"eplus-wrapper\">$25 + 25 + 25 + 5 + 2 = 82$ cents.<\/p>\n\n\n\n<h2 class=\"wp-block-heading eplus-wrapper\" id=\"14-how-to-manage-money\">How to Manage Money?<\/h2>\n\n\n\n<p class=\"eplus-wrapper\">We manage money by making good use of it. Now, making good is also known as investing. Let us look at the points below where you can know how to manage your money.<\/p>\n\n\n\n<ul class=\"eplus-wrapper wp-block-list\">\n<li class=\"eplus-wrapper\">Creating a budget.<\/li>\n\n\n\n<li class=\"eplus-wrapper\">Saving first and spending later.<\/li>\n\n\n\n<li class=\"eplus-wrapper\">Setting financial goals.<\/li>\n\n\n\n<li class=\"eplus-wrapper\">Starting to invest early.<\/li>\n\n\n\n<li class=\"eplus-wrapper\">Avoid debt.<\/li>\n\n\n\n<li class=\"eplus-wrapper\">Saving.<\/li>\n\n\n\n<li class=\"eplus-wrapper\">Avoiding reckless spending of money.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading eplus-wrapper\" id=\"15-use-of-money-in-math-and-real-life\">Use of Money in Math and Real Life<\/h2>\n\n\n\n<p class=\"eplus-wrapper\">Money is used in real life and math. Math and money are correlated:&nbsp;<\/p>\n\n\n\n<ul class=\"eplus-wrapper wp-block-list\">\n<li class=\"eplus-wrapper\">as a medium of exchange,&nbsp;<\/li>\n\n\n\n<li class=\"eplus-wrapper\">for purchasing goods,&nbsp;<\/li>\n\n\n\n<li class=\"eplus-wrapper\">as an offering for service,&nbsp;<\/li>\n\n\n\n<li class=\"eplus-wrapper\">as a sign of wealth,&nbsp;<\/li>\n\n\n\n<li class=\"eplus-wrapper\">in the banking sector,&nbsp;<\/li>\n\n\n\n<li class=\"eplus-wrapper\">in the housing sector,&nbsp;<\/li>\n\n\n\n<li class=\"eplus-wrapper\">in education.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading eplus-wrapper\" id=\"16-fun-facts\">Fun Facts!<\/h2>\n\n\n\n<ul class=\"eplus-wrapper wp-block-list\">\n<li class=\"eplus-wrapper\">US dollars is the most traded currency around the globe.<\/li>\n\n\n\n<li class=\"eplus-wrapper\">It is believed that livestock and grain were used in the barter system in exchange of goods and services over 10,000 years ago.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading eplus-wrapper\" id=\"17-let%E2%80%99s-sing\">Let\u2019s Sing!<\/h2>\n\n\n\n<p class=\"eplus-wrapper\"><em>Let\u2019s find the total money spent,<\/em><\/p>\n\n\n\n<p class=\"eplus-wrapper\"><em>Every dollar and every cent!<\/em><\/p>\n\n\n\n<p class=\"eplus-wrapper\"><em>Know that a penny\u2019s worth one<\/em><\/p>\n\n\n\n<p class=\"eplus-wrapper\"><em>A nickel\u2019s worth five; and a dime is ten.<\/em><\/p>\n\n\n\n<p class=\"eplus-wrapper\"><em>A quarter\u2019s twenty-five, so count again!<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading eplus-wrapper\" id=\"18-let%E2%80%99s-do-it\">Let\u2019s Do It!<\/h2>\n\n\n\n<p class=\"eplus-wrapper\">Instead of handing out money identification worksheets to your child, help them understand how dollar bills can be exchanged for smaller denominations. You can also ask your child to make a piggy bank of his own to save money and maintain a record of how much they add to it, daily or weekly.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading eplus-wrapper\" id=\"19-conclusion\">Conclusion<\/h2>\n\n\n\n<p class=\"eplus-wrapper\">In this article, we came to know about money and the different terms coined with it such as currency, different forms of money, etc. We can now look at some examples and solve practice problems to understand money better.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading eplus-wrapper\" id=\"20-solved-examples\">Solved Examples<\/h2>\n\n\n\n<p class=\"eplus-wrapper\"><strong>1. Debbie has 20 dollars in her pocket and she spent 15 dollars buying cupcakes. What amount will be left in her pocket?<\/strong><\/p>\n\n\n\n<p class=\"eplus-wrapper\"><strong>Solution:<\/strong><\/p>\n\n\n\n<p class=\"eplus-wrapper\">Debbie has a total amount of 20 dollars and she spent 15 dollars.&nbsp;<\/p>\n\n\n\n<p class=\"eplus-wrapper\">The remaining amount in her pocket:<\/p>\n\n\n\n<p class=\"eplus-wrapper\">$\\$20\\;-\\;\\$15 = \\$5$.<\/p>\n\n\n\n<p class=\"eplus-wrapper\">Therefore, the amount left in Debbie\u2019s pocket is 5 dollars.<\/p>\n\n\n\n<p class=\"eplus-wrapper\"><strong>2. If you want to buy a soccer ball from an online Italian site and you are in the USA. The cost of the ball is \u20ac100. How much does the ball cost in dollars?<\/strong><\/p>\n\n\n\n<p class=\"eplus-wrapper\"><strong>Solution:<\/strong><\/p>\n\n\n\n<p class=\"eplus-wrapper\">The cost of a soccer ball is 100 Euro (\u20ac).&nbsp;<\/p>\n\n\n\n<p class=\"eplus-wrapper\">1 euro is equal to 1.21 USD. So, the value of 100 Euro (\u20ac) is equal to:<\/p>\n\n\n\n<p class=\"eplus-wrapper\">$100 \\times 1.21$ USD $= 121$ USD.<\/p>\n\n\n\n<p class=\"eplus-wrapper\">$\\therefore$ The soccer ball cost is 121 USD.<\/p>\n\n\n\n<p class=\"eplus-wrapper\"><strong>3. When it is needed to pay a shopkeeper 15\u00a2 for an item, it can be paid for with a dime and a nickel. Explain how.<\/strong><\/p>\n\n\n\n<p class=\"eplus-wrapper\"><strong>Solution:<\/strong><\/p>\n\n\n\n<p class=\"eplus-wrapper\">$15{\u00a2} = 10{\u00a2} + 5{\u00a2}$<\/p>\n\n\n\n<p class=\"eplus-wrapper\">15 cents $= 1$ dime $+ 1$ nickel<\/p>\n\n\n\n<p class=\"eplus-wrapper\"><strong>4. Express 25 dollars in dimes.<\/strong><\/p>\n\n\n\n<p class=\"eplus-wrapper\"><strong>Solution:&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"eplus-wrapper\">We know that 1 dollar $= 10$ dimes.<\/p>\n\n\n\n<p class=\"eplus-wrapper\">So, 25 dollars $= 25 \\times 10$ dimes $= 250$ dimes.<\/p>\n\n\n\n<p class=\"eplus-wrapper\"><strong>5. Maya has 15 dollar bills and 40 quarters. How much money does she have?<\/strong><\/p>\n\n\n\n<p class=\"eplus-wrapper\"><strong>Solution:<\/strong><\/p>\n\n\n\n<p class=\"eplus-wrapper\">We know that 1 dollar $= 4$ quarters.<\/p>\n\n\n\n<p class=\"eplus-wrapper\">1 quarter $= \\frac{1}{4}$ dollars $=0.25$ dollars<\/p>\n\n\n\n<p class=\"eplus-wrapper\">40 quarters $= \\frac{1}{4} \\times 40 = 10$ dollars <\/p>\n\n\n\n<p class=\"eplus-wrapper\">So, she has 15 dollars $+10$ dollars $= 25$ dollars.<\/p>\n\n\n\n<h2 class=\"wp-block-heading eplus-wrapper\" id=\"21-practice-problems\">Practice Problems<\/h2>\n\n\n\n<p class=\"eplus-wrapper\"><div class=\"spq_wrapper\"><h2 style=\"display:none;\">Concept of Money\u00a0 - Definition With Examples<\/h2><p style=\"display:none;\">Attend this quiz & Test your knowledge.<\/p><div class=\"spq_question_wrapper\" data-answer=\"1\"><span class=\"spq_question_header\"><span class=\"sqp_question_number\">1<\/span><h3 class=\"sqp_question_text\">Lisa has a 100 dollar bill in her purse and she spent 45 dollars buying a dress. What amount will be left in her purse?<\/h3><\/span><div class=\"spq_answer_block\" data-value=\"0\">45 dollars<\/div><div class=\"spq_answer_block\" data-value=\"1\">55 dollars<\/div><div class=\"spq_answer_block\" data-value=\"2\">50 dollars<\/div><div class=\"spq_answer_block\" data-value=\"3\">65 dollars<\/div><div class=\"sqp_question_hint\"><div class=\"sqp_question_hint__header\"><span class=\"spq_correct\">Correct<\/span><span class=\"spq_incorrect\">Incorrect<\/span><\/div><div class=\"sqp_question_hint__content\"><span>Correct answer is: 55 dollars<br\/>Lisa has a total amount of 100 dollars and she spent 45 dollars.<br>\r\nThe remaining amount in her pocket-<br>\r\n$\\$100\\;-\\;\\$45 = \\$55$.<br>\r\nTherefore, the amount left in Lisa\u2019s purse is 55 dollars.<\/span><\/div><\/div><\/div><div class=\"spq_question_wrapper\" data-answer=\"2\"><span class=\"spq_question_header\"><span class=\"sqp_question_number\">2<\/span><h3 class=\"sqp_question_text\">450 rupees $=$ ___ USD (Use 1 rupee $= 0.014$ USD)<\/h3><\/span><div class=\"spq_answer_block\" data-value=\"0\">9.5 USD<\/div><div class=\"spq_answer_block\" data-value=\"1\">4.7 USD<\/div><div class=\"spq_answer_block\" data-value=\"2\">6.3 USD<\/div><div class=\"spq_answer_block\" data-value=\"3\">8.7 USD<\/div><div class=\"sqp_question_hint\"><div class=\"sqp_question_hint__header\"><span class=\"spq_correct\">Correct<\/span><span class=\"spq_incorrect\">Incorrect<\/span><\/div><div class=\"sqp_question_hint__content\"><span>Correct answer is: 6.3 USD<br\/>1 rupee is equal to 0.014 USD. So, the value of 450 rupees is equal to-<br>\r\n$450 \\times 0.014$ USD $= 6.3$ USD.<br>\r\n$\\therefore$ The cost of the shirt is 6.3 USD.<\/span><\/div><\/div><\/div><div class=\"spq_question_wrapper\" data-answer=\"0\"><span class=\"spq_question_header\"><span class=\"sqp_question_number\">3<\/span><h3 class=\"sqp_question_text\">10 dimes =<\/h3><\/span><div class=\"spq_answer_block\" data-value=\"0\">1 dollar<\/div><div class=\"spq_answer_block\" data-value=\"1\">2 dollar<\/div><div class=\"spq_answer_block\" data-value=\"2\">3 dollar<\/div><div class=\"spq_answer_block\" data-value=\"3\">4 dollar<\/div><div class=\"sqp_question_hint\"><div class=\"sqp_question_hint__header\"><span class=\"spq_correct\">Correct<\/span><span class=\"spq_incorrect\">Incorrect<\/span><\/div><div class=\"sqp_question_hint__content\"><span>Correct answer is: 1 dollar<br\/>1 dime $= 10$ cents<br>\r\n10 dimes $= 100$ cents $= 1$ dollar<\/span><\/div><\/div><\/div><div class=\"spq_question_wrapper\" data-answer=\"0\"><span class=\"spq_question_header\"><span class=\"sqp_question_number\">4<\/span><h3 class=\"sqp_question_text\">What is the value of 25 dollars in nickels?<\/h3><\/span><div class=\"spq_answer_block\" data-value=\"0\">500 nickels<\/div><div class=\"spq_answer_block\" data-value=\"1\">700 nickels<\/div><div class=\"spq_answer_block\" data-value=\"2\">800 nickels<\/div><div class=\"spq_answer_block\" data-value=\"3\">400 nickels<\/div><div class=\"sqp_question_hint\"><div class=\"sqp_question_hint__header\"><span class=\"spq_correct\">Correct<\/span><span class=\"spq_incorrect\">Incorrect<\/span><\/div><div class=\"sqp_question_hint__content\"><span>Correct answer is: 500 nickels<br\/>We know that 1 dollar $= 20$ nickels.<br>\r\nSo, 25 dollars $= 25 \\times 20$ nickels $= 500$ nickels.<\/span><\/div><\/div><\/div><div class=\"spq_question_wrapper\" data-answer=\"0\"><span class=\"spq_question_header\"><span class=\"sqp_question_number\">5<\/span><h3 class=\"sqp_question_text\">Maria has 10 dollar bills and 4 quarters. How much money does she have?<\/h3><\/span><div class=\"spq_answer_block\" data-value=\"0\">11 dollars<\/div><div class=\"spq_answer_block\" data-value=\"1\">1 dollars<\/div><div class=\"spq_answer_block\" data-value=\"2\">13 dollars<\/div><div class=\"spq_answer_block\" data-value=\"3\">3 dollars<\/div><div class=\"sqp_question_hint\"><div class=\"sqp_question_hint__header\"><span class=\"spq_correct\">Correct<\/span><span class=\"spq_incorrect\">Incorrect<\/span><\/div><div class=\"sqp_question_hint__content\"><span>Correct answer is: 11 dollars<br\/>We know that 1 dollar $= 4$ quarters.<br>\r\n1 quarter $= \\frac{1}{4}$ dollars $= 0.25$ dollars<br>\r\n4 quarters $= \\frac{1}{4} \\times 4 = 1$ dollar<br>\r\nSo, she has 10 dollars $+ 1$ dollar $= 11$ dollars.<\/span><\/div><\/div><\/div><\/div>  <script type=\"application\/ld+json\">{\n        \"@context\": \"https:\/\/schema.org\/\", \n        \"@type\": \"Quiz\", \n        \"typicalAgeRange\": \"3-11\",\n        \"educationalLevel\":  \"beginner\",\n        \"assesses\" : \"Attend this quiz & Test your knowledge.\",\n        \"educationalAlignment\": [\n              {\n                \"@type\": \"AlignmentObject\",\n                \"alignmentType\": \"educationalSubject\",\n                \"targetName\": \"Math\"\n              }] ,\n        \"name\": \"Concept of Money\u00a0 - Definition With Examples\",        \n        \"about\": {\n                \"@type\": \"Thing\",\n                \"name\": \"Concept of Money\u00a0 - Definition With Examples\"\n        },  \n        \"hasPart\": [{\n                    \"@type\": \"Question\",   \n                    \"eduQuestionType\": \"Multiple choice\",\n                    \"learningResourceType\": \"Practice problem\",\n                    \"name\": \"Lisa has a 100 dollar bill in her purse and she spent 45 dollars buying a dress. What amount will be left in her purse?\",\n                    \"text\": \"Lisa has a 100 dollar bill in her purse and she spent 45 dollars buying a dress. What amount will be left in her purse?\",\n                    \"comment\": {\n                      \"@type\": \"Comment\",\n                      \"text\": \"Lisa has a total amount of 100 dollars and she spent 45 dollars.<br>\r\nThe remaining amount in her pocket-<br>\r\n$$\\\\$$100\\\\;-\\\\;\\\\$$45 = \\\\$$55$$.<br>\r\nTherefore, the amount left in Lisa\u2019s purse is 55 dollars.\"\n                    },\n                    \"encodingFormat\": \"text\/html\",\n                    \"suggestedAnswer\": [ {\n                                \"@type\": \"Answer\",\n                                \"position\": 0,\n                                \"encodingFormat\": \"text\/html\",\n                                \"text\": \"45 dollars\",\n                                \"comment\": {\n                                    \"@type\": \"Comment\",\n                                    \"text\": \"Lisa has a total amount of 100 dollars and she spent 45 dollars.<br>\r\nThe remaining amount in her pocket-<br>\r\n$$\\\\$$100\\\\;-\\\\;\\\\$$45 = \\\\$$55$$.<br>\r\nTherefore, the amount left in Lisa\u2019s purse is 55 dollars.\"\n                                    }\n                                }, {\n                                \"@type\": \"Answer\",\n                                \"position\": 2,\n                                \"encodingFormat\": \"text\/html\",\n                                \"text\": \"50 dollars\",\n                                \"comment\": {\n                                    \"@type\": \"Comment\",\n                                    \"text\": \"Lisa has a total amount of 100 dollars and she spent 45 dollars.<br>\r\nThe remaining amount in her pocket-<br>\r\n$$\\\\$$100\\\\;-\\\\;\\\\$$45 = \\\\$$55$$.<br>\r\nTherefore, the amount left in Lisa\u2019s purse is 55 dollars.\"\n                                    }\n                                }, {\n                                \"@type\": \"Answer\",\n                                \"position\": 3,\n                                \"encodingFormat\": \"text\/html\",\n                                \"text\": \"65 dollars\",\n                                \"comment\": {\n                                    \"@type\": \"Comment\",\n                                    \"text\": \"Lisa has a total amount of 100 dollars and she spent 45 dollars.<br>\r\nThe remaining amount in her pocket-<br>\r\n$$\\\\$$100\\\\;-\\\\;\\\\$$45 = \\\\$$55$$.<br>\r\nTherefore, the amount left in Lisa\u2019s purse is 55 dollars.\"\n                                    }\n                                }],\n                    \"acceptedAnswer\": {\n                      \"@type\": \"Answer\",\n                      \"position\": 1,\n                      \"encodingFormat\": \"text\/html\",\n                      \"text\": \"55 dollars\",\n                      \"comment\": {\n                          \"@type\": \"Comment\",\n                          \"text\": \"Lisa has a total amount of 100 dollars and she spent 45 dollars.<br>\r\nThe remaining amount in her pocket-<br>\r\n$$\\\\$$100\\\\;-\\\\;\\\\$$45 = \\\\$$55$$.<br>\r\nTherefore, the amount left in Lisa\u2019s purse is 55 dollars.\"\n                        },\n                      \"answerExplanation\": {\n                        \"@type\": \"Comment\",\n                        \"text\": \"Lisa has a total amount of 100 dollars and she spent 45 dollars.<br>\r\nThe remaining amount in her pocket-<br>\r\n$$\\\\$$100\\\\;-\\\\;\\\\$$45 = \\\\$$55$$.<br>\r\nTherefore, the amount left in Lisa\u2019s purse is 55 dollars.\"\n                      }\n                    } \n\n                    },{\n                    \"@type\": \"Question\",   \n                    \"eduQuestionType\": \"Multiple choice\",\n                    \"learningResourceType\": \"Practice problem\",\n                    \"name\": \"450 rupees $$=$$ ___ USD (Use 1 rupee $$= 0.014$$ USD)\",\n                    \"text\": \"450 rupees $$=$$ ___ USD (Use 1 rupee $$= 0.014$$ USD)\",\n                    \"comment\": {\n                      \"@type\": \"Comment\",\n                      \"text\": \"1 rupee is equal to 0.014 USD. So, the value of 450 rupees is equal to-<br>\r\n$$450 \\\\times 0.014$$ USD $$= 6.3$$ USD.<br>\r\n$$\\\\therefore$$ The cost of the shirt is 6.3 USD.\"\n                    },\n                    \"encodingFormat\": \"text\/html\",\n                    \"suggestedAnswer\": [ {\n                                \"@type\": \"Answer\",\n                                \"position\": 0,\n                                \"encodingFormat\": \"text\/html\",\n                                \"text\": \"9.5 USD\",\n                                \"comment\": {\n                                    \"@type\": \"Comment\",\n                                    \"text\": \"1 rupee is equal to 0.014 USD. So, the value of 450 rupees is equal to-<br>\r\n$$450 \\\\times 0.014$$ USD $$= 6.3$$ USD.<br>\r\n$$\\\\therefore$$ The cost of the shirt is 6.3 USD.\"\n                                    }\n                                }, {\n                                \"@type\": \"Answer\",\n                                \"position\": 1,\n                                \"encodingFormat\": \"text\/html\",\n                                \"text\": \"4.7 USD\",\n                                \"comment\": {\n                                    \"@type\": \"Comment\",\n                                    \"text\": \"1 rupee is equal to 0.014 USD. So, the value of 450 rupees is equal to-<br>\r\n$$450 \\\\times 0.014$$ USD $$= 6.3$$ USD.<br>\r\n$$\\\\therefore$$ The cost of the shirt is 6.3 USD.\"\n                                    }\n                                }, {\n                                \"@type\": \"Answer\",\n                                \"position\": 3,\n                                \"encodingFormat\": \"text\/html\",\n                                \"text\": \"8.7 USD\",\n                                \"comment\": {\n                                    \"@type\": \"Comment\",\n                                    \"text\": \"1 rupee is equal to 0.014 USD. So, the value of 450 rupees is equal to-<br>\r\n$$450 \\\\times 0.014$$ USD $$= 6.3$$ USD.<br>\r\n$$\\\\therefore$$ The cost of the shirt is 6.3 USD.\"\n                                    }\n                                }],\n                    \"acceptedAnswer\": {\n                      \"@type\": \"Answer\",\n                      \"position\": 2,\n                      \"encodingFormat\": \"text\/html\",\n                      \"text\": \"6.3 USD\",\n                      \"comment\": {\n                          \"@type\": \"Comment\",\n                          \"text\": \"1 rupee is equal to 0.014 USD. So, the value of 450 rupees is equal to-<br>\r\n$$450 \\\\times 0.014$$ USD $$= 6.3$$ USD.<br>\r\n$$\\\\therefore$$ The cost of the shirt is 6.3 USD.\"\n                        },\n                      \"answerExplanation\": {\n                        \"@type\": \"Comment\",\n                        \"text\": \"1 rupee is equal to 0.014 USD. So, the value of 450 rupees is equal to-<br>\r\n$$450 \\\\times 0.014$$ USD $$= 6.3$$ USD.<br>\r\n$$\\\\therefore$$ The cost of the shirt is 6.3 USD.\"\n                      }\n                    } \n\n                    },{\n                    \"@type\": \"Question\",   \n                    \"eduQuestionType\": \"Multiple choice\",\n                    \"learningResourceType\": \"Practice problem\",\n                    \"name\": \"10 dimes =\",\n                    \"text\": \"10 dimes =\",\n                    \"comment\": {\n                      \"@type\": \"Comment\",\n                      \"text\": \"1 dime $$= 10$$ cents<br>\r\n10 dimes $$= 100$$ cents $$= 1$$ dollar\"\n                    },\n                    \"encodingFormat\": \"text\/html\",\n                    \"suggestedAnswer\": [ {\n                                \"@type\": \"Answer\",\n                                \"position\": 1,\n                                \"encodingFormat\": \"text\/html\",\n                                \"text\": \"2 dollar\",\n                                \"comment\": {\n                                    \"@type\": \"Comment\",\n                                    \"text\": \"1 dime $$= 10$$ cents<br>\r\n10 dimes $$= 100$$ cents $$= 1$$ dollar\"\n                                    }\n                                }, {\n                                \"@type\": \"Answer\",\n                                \"position\": 2,\n                                \"encodingFormat\": \"text\/html\",\n                                \"text\": \"3 dollar\",\n                                \"comment\": {\n                                    \"@type\": \"Comment\",\n                                    \"text\": \"1 dime $$= 10$$ cents<br>\r\n10 dimes $$= 100$$ cents $$= 1$$ dollar\"\n                                    }\n                                }, {\n                                \"@type\": \"Answer\",\n                                \"position\": 3,\n                                \"encodingFormat\": \"text\/html\",\n                                \"text\": \"4 dollar\",\n                                \"comment\": {\n                                    \"@type\": \"Comment\",\n                                    \"text\": \"1 dime $$= 10$$ cents<br>\r\n10 dimes $$= 100$$ cents $$= 1$$ dollar\"\n                                    }\n                                }],\n                    \"acceptedAnswer\": {\n                      \"@type\": \"Answer\",\n                      \"position\": 0,\n                      \"encodingFormat\": \"text\/html\",\n                      \"text\": \"1 dollar\",\n                      \"comment\": {\n                          \"@type\": \"Comment\",\n                          \"text\": \"1 dime $$= 10$$ cents<br>\r\n10 dimes $$= 100$$ cents $$= 1$$ dollar\"\n                        },\n                      \"answerExplanation\": {\n                        \"@type\": \"Comment\",\n                        \"text\": \"1 dime $$= 10$$ cents<br>\r\n10 dimes $$= 100$$ cents $$= 1$$ dollar\"\n                      }\n                    } \n\n                    },{\n                    \"@type\": \"Question\",   \n                    \"eduQuestionType\": \"Multiple choice\",\n                    \"learningResourceType\": \"Practice problem\",\n                    \"name\": \"What is the value of 25 dollars in nickels?\",\n                    \"text\": \"What is the value of 25 dollars in nickels?\",\n                    \"comment\": {\n                      \"@type\": \"Comment\",\n                      \"text\": \"We know that 1 dollar $$= 20$$ nickels.<br>\r\nSo, 25 dollars $$= 25 \\\\times 20$$ nickels $$= 500$$ nickels.\"\n                    },\n                    \"encodingFormat\": \"text\/html\",\n                    \"suggestedAnswer\": [ {\n                                \"@type\": \"Answer\",\n                                \"position\": 1,\n                                \"encodingFormat\": \"text\/html\",\n                                \"text\": \"700 nickels\",\n                                \"comment\": {\n                                    \"@type\": \"Comment\",\n                                    \"text\": \"We know that 1 dollar $$= 20$$ nickels.<br>\r\nSo, 25 dollars $$= 25 \\\\times 20$$ nickels $$= 500$$ nickels.\"\n                                    }\n                                }, {\n                                \"@type\": \"Answer\",\n                                \"position\": 2,\n                                \"encodingFormat\": \"text\/html\",\n                                \"text\": \"800 nickels\",\n                                \"comment\": {\n                                    \"@type\": \"Comment\",\n                                    \"text\": \"We know that 1 dollar $$= 20$$ nickels.<br>\r\nSo, 25 dollars $$= 25 \\\\times 20$$ nickels $$= 500$$ nickels.\"\n                                    }\n                                }, {\n                                \"@type\": \"Answer\",\n                                \"position\": 3,\n                                \"encodingFormat\": \"text\/html\",\n                                \"text\": \"400 nickels\",\n                                \"comment\": {\n                                    \"@type\": \"Comment\",\n                                    \"text\": \"We know that 1 dollar $$= 20$$ nickels.<br>\r\nSo, 25 dollars $$= 25 \\\\times 20$$ nickels $$= 500$$ nickels.\"\n                                    }\n                                }],\n                    \"acceptedAnswer\": {\n                      \"@type\": \"Answer\",\n                      \"position\": 0,\n                      \"encodingFormat\": \"text\/html\",\n                      \"text\": \"500 nickels\",\n                      \"comment\": {\n                          \"@type\": \"Comment\",\n                          \"text\": \"We know that 1 dollar $$= 20$$ nickels.<br>\r\nSo, 25 dollars $$= 25 \\\\times 20$$ nickels $$= 500$$ nickels.\"\n                        },\n                      \"answerExplanation\": {\n                        \"@type\": \"Comment\",\n                        \"text\": \"We know that 1 dollar $$= 20$$ nickels.<br>\r\nSo, 25 dollars $$= 25 \\\\times 20$$ nickels $$= 500$$ nickels.\"\n                      }\n                    } \n\n                    },{\n                    \"@type\": \"Question\",   \n                    \"eduQuestionType\": \"Multiple choice\",\n                    \"learningResourceType\": \"Practice problem\",\n                    \"name\": \"Maria has 10 dollar bills and 4 quarters. How much money does she have?\",\n                    \"text\": \"Maria has 10 dollar bills and 4 quarters. How much money does she have?\",\n                    \"comment\": {\n                      \"@type\": \"Comment\",\n                      \"text\": \"We know that 1 dollar $$= 4$$ quarters.<br>\r\n1 quarter $$= \\\\frac{1}{4}$$ dollars $$= 0.25$$ dollars<br>\r\n4 quarters $$= \\\\frac{1}{4} \\\\times 4 = 1$$ dollar<br>\r\nSo, she has 10 dollars $$+ 1$$ dollar $$= 11$$ dollars.\"\n                    },\n                    \"encodingFormat\": \"text\/html\",\n                    \"suggestedAnswer\": [ {\n                                \"@type\": \"Answer\",\n                                \"position\": 1,\n                                \"encodingFormat\": \"text\/html\",\n                                \"text\": \"1 dollars\",\n                                \"comment\": {\n                                    \"@type\": \"Comment\",\n                                    \"text\": \"We know that 1 dollar $$= 4$$ quarters.<br>\r\n1 quarter $$= \\\\frac{1}{4}$$ dollars $$= 0.25$$ dollars<br>\r\n4 quarters $$= \\\\frac{1}{4} \\\\times 4 = 1$$ dollar<br>\r\nSo, she has 10 dollars $$+ 1$$ dollar $$= 11$$ dollars.\"\n                                    }\n                                }, {\n                                \"@type\": \"Answer\",\n                                \"position\": 2,\n                                \"encodingFormat\": \"text\/html\",\n                                \"text\": \"13 dollars\",\n                                \"comment\": {\n                                    \"@type\": \"Comment\",\n                                    \"text\": \"We know that 1 dollar $$= 4$$ quarters.<br>\r\n1 quarter $$= \\\\frac{1}{4}$$ dollars $$= 0.25$$ dollars<br>\r\n4 quarters $$= \\\\frac{1}{4} \\\\times 4 = 1$$ dollar<br>\r\nSo, she has 10 dollars $$+ 1$$ dollar $$= 11$$ dollars.\"\n                                    }\n                                }, {\n                                \"@type\": \"Answer\",\n                                \"position\": 3,\n                                \"encodingFormat\": \"text\/html\",\n                                \"text\": \"3 dollars\",\n                                \"comment\": {\n                                    \"@type\": \"Comment\",\n                                    \"text\": \"We know that 1 dollar $$= 4$$ quarters.<br>\r\n1 quarter $$= \\\\frac{1}{4}$$ dollars $$= 0.25$$ dollars<br>\r\n4 quarters $$= \\\\frac{1}{4} \\\\times 4 = 1$$ dollar<br>\r\nSo, she has 10 dollars $$+ 1$$ dollar $$= 11$$ dollars.\"\n                                    }\n                                }],\n                    \"acceptedAnswer\": {\n                      \"@type\": \"Answer\",\n                      \"position\": 0,\n                      \"encodingFormat\": \"text\/html\",\n                      \"text\": \"11 dollars\",\n                      \"comment\": {\n                          \"@type\": \"Comment\",\n                          \"text\": \"We know that 1 dollar $$= 4$$ quarters.<br>\r\n1 quarter $$= \\\\frac{1}{4}$$ dollars $$= 0.25$$ dollars<br>\r\n4 quarters $$= \\\\frac{1}{4} \\\\times 4 = 1$$ dollar<br>\r\nSo, she has 10 dollars $$+ 1$$ dollar $$= 11$$ dollars.\"\n                        },\n                      \"answerExplanation\": {\n                        \"@type\": \"Comment\",\n                        \"text\": \"We know that 1 dollar $$= 4$$ quarters.<br>\r\n1 quarter $$= \\\\frac{1}{4}$$ dollars $$= 0.25$$ dollars<br>\r\n4 quarters $$= \\\\frac{1}{4} \\\\times 4 = 1$$ dollar<br>\r\nSo, she has 10 dollars $$+ 1$$ dollar $$= 11$$ dollars.\"\n                      }\n                    } \n\n                    }]}<\/script><\/p>\n\n\n\n<h2 class=\"wp-block-heading eplus-wrapper\" id=\"22-frequently-asked-questions\">Frequently Asked Questions<\/h2>\n\n\n<div class=\"wp-block-ub-content-toggle\" id=\"ub-content-toggle-13e8877a-448c-48b1-8ee3-9297ed3dcbe0\" data-mobilecollapse=\"true\" data-desktopcollapse=\"true\">\n<div class=\"wp-block-ub-content-toggle-accordion\">\n                <div class=\"wp-block-ub-content-toggle-accordion-title-wrap\" aria-expanded=\"false\" aria-controls=\"ub-content-toggle-panel-0-13e8877a-448c-48b1-8ee3-9297ed3dcbe0\" tabindex=\"0\">\n                    <p class=\"wp-block-ub-content-toggle-accordion-title ub-content-toggle-title-13e8877a-448c-48b1-8ee3-9297ed3dcbe0\"><strong>What is the highest current denomination of USD?<\/strong><\/p><div class=\"wp-block-ub-content-toggle-accordion-toggle-wrap right\"><span class=\"wp-block-ub-content-toggle-accordion-state-indicator wp-block-ub-chevron-down\"><\/span>\n                    <\/div><\/div><div role=\"region\" class=\"wp-block-ub-content-toggle-accordion-content-wrap ub-hide\" id=\"ub-content-toggle-panel-0-13e8877a-448c-48b1-8ee3-9297ed3dcbe0\">\n\n<p class=\"eplus-wrapper\">The highest denomination is the $\\$100$ bill.<\/p>\n\n<\/div><\/div>\n\n<div class=\"wp-block-ub-content-toggle-accordion\">\n                <div class=\"wp-block-ub-content-toggle-accordion-title-wrap\" aria-expanded=\"false\" aria-controls=\"ub-content-toggle-panel-1-13e8877a-448c-48b1-8ee3-9297ed3dcbe0\" tabindex=\"0\">\n                    <p class=\"wp-block-ub-content-toggle-accordion-title ub-content-toggle-title-13e8877a-448c-48b1-8ee3-9297ed3dcbe0\"><strong>Which denomination is the smallest in dollars?<\/strong><\/p><div class=\"wp-block-ub-content-toggle-accordion-toggle-wrap right\"><span class=\"wp-block-ub-content-toggle-accordion-state-indicator wp-block-ub-chevron-down\"><\/span>\n                    <\/div><\/div><div role=\"region\" class=\"wp-block-ub-content-toggle-accordion-content-wrap ub-hide\" id=\"ub-content-toggle-panel-1-13e8877a-448c-48b1-8ee3-9297ed3dcbe0\">\n\n<p class=\"eplus-wrapper\">The smallest denomination of the US is the penny. A penny is $\\frac{1}{100}$ of a US dollar.<\/p>\n\n<\/div><\/div>\n\n<div class=\"wp-block-ub-content-toggle-accordion\">\n                <div class=\"wp-block-ub-content-toggle-accordion-title-wrap\" aria-expanded=\"false\" aria-controls=\"ub-content-toggle-panel-2-13e8877a-448c-48b1-8ee3-9297ed3dcbe0\" tabindex=\"0\">\n                    <p class=\"wp-block-ub-content-toggle-accordion-title ub-content-toggle-title-13e8877a-448c-48b1-8ee3-9297ed3dcbe0\"><strong>Which is the oldest currency in the world?<\/strong><\/p><div class=\"wp-block-ub-content-toggle-accordion-toggle-wrap right\"><span class=\"wp-block-ub-content-toggle-accordion-state-indicator wp-block-ub-chevron-down\"><\/span>\n                    <\/div><\/div><div role=\"region\" class=\"wp-block-ub-content-toggle-accordion-content-wrap ub-hide\" id=\"ub-content-toggle-panel-2-13e8877a-448c-48b1-8ee3-9297ed3dcbe0\">\n\n<p class=\"eplus-wrapper\">The British pound<\/p>\n\n<\/div><\/div>\n\n<div class=\"wp-block-ub-content-toggle-accordion\">\n                <div class=\"wp-block-ub-content-toggle-accordion-title-wrap\" aria-expanded=\"false\" aria-controls=\"ub-content-toggle-panel-3-13e8877a-448c-48b1-8ee3-9297ed3dcbe0\" tabindex=\"0\">\n                    <p class=\"wp-block-ub-content-toggle-accordion-title ub-content-toggle-title-13e8877a-448c-48b1-8ee3-9297ed3dcbe0\"><strong>How many currencies are there in the world?<\/strong><\/p><div class=\"wp-block-ub-content-toggle-accordion-toggle-wrap right\"><span class=\"wp-block-ub-content-toggle-accordion-state-indicator wp-block-ub-chevron-down\"><\/span>\n                    <\/div><\/div><div role=\"region\" class=\"wp-block-ub-content-toggle-accordion-content-wrap ub-hide\" id=\"ub-content-toggle-panel-3-13e8877a-448c-48b1-8ee3-9297ed3dcbe0\">\n\n<p class=\"eplus-wrapper\">There are 180 currencies in the world recognized by the UN.<\/p>\n\n<\/div><\/div>\n\n<div class=\"wp-block-ub-content-toggle-accordion\">\n                <div class=\"wp-block-ub-content-toggle-accordion-title-wrap\" aria-expanded=\"false\" aria-controls=\"ub-content-toggle-panel-4-13e8877a-448c-48b1-8ee3-9297ed3dcbe0\" tabindex=\"0\">\n                    <p class=\"wp-block-ub-content-toggle-accordion-title ub-content-toggle-title-13e8877a-448c-48b1-8ee3-9297ed3dcbe0\"><strong>Who monitors monetary business in the US?<\/strong><\/p><div class=\"wp-block-ub-content-toggle-accordion-toggle-wrap right\"><span class=\"wp-block-ub-content-toggle-accordion-state-indicator wp-block-ub-chevron-down\"><\/span>\n                    <\/div><\/div><div role=\"region\" class=\"wp-block-ub-content-toggle-accordion-content-wrap ub-hide\" id=\"ub-content-toggle-panel-4-13e8877a-448c-48b1-8ee3-9297ed3dcbe0\">\n\n<p class=\"eplus-wrapper\">The Federal Reserve plays a role in the US payments system.<\/p>\n\n<\/div><\/div>\n<\/div><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Money: Introduction Money is a mode of payment accepted by both sellers and buyers for goods and services. Money is what we give in return when we buy stuff like food, clothes, house, groceries, etc. We give money in return for purchasing anything. This is a simple trade or exchange.&nbsp; Recommended Games Add and Find &#8230; <a title=\"Concept of Money\u00a0 &#8211; Definition With Examples\" class=\"read-more\" href=\"https:\/\/www.splashlearn.com\/math-vocabulary\/money\/money\" aria-label=\"More on Concept of Money\u00a0 &#8211; Definition With Examples\">Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ub_ctt_via":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-2086","post","type-post","status-publish","format-standard","hentry","category-all"],"featured_image_src":null,"author_info":{"display_name":"Mithun Jhawar","author_link":"https:\/\/www.splashlearn.com\/math-vocabulary\/author\/mithun-jhawarsplashlearn-com\/"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.splashlearn.com\/math-vocabulary\/wp-json\/wp\/v2\/posts\/2086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.splashlearn.com\/math-vocabulary\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.splashlearn.com\/math-vocabulary\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.splashlearn.com\/math-vocabulary\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.splashlearn.com\/math-vocabulary\/wp-json\/wp\/v2\/comments?post=2086"}],"version-history":[{"count":27,"href":"https:\/\/www.splashlearn.com\/math-vocabulary\/wp-json\/wp\/v2\/posts\/2086\/revisions"}],"predecessor-version":[{"id":37832,"href":"https:\/\/www.splashlearn.com\/math-vocabulary\/wp-json\/wp\/v2\/posts\/2086\/revisions\/37832"}],"wp:attachment":[{"href":"https:\/\/www.splashlearn.com\/math-vocabulary\/wp-json\/wp\/v2\/media?parent=2086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.splashlearn.com\/math-vocabulary\/wp-json\/wp\/v2\/categories?post=2086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.splashlearn.com\/math-vocabulary\/wp-json\/wp\/v2\/tags?post=2086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}