Solved Questions on Money
1. Which one of the following has the most value?
a) 
b) 
c) 
d) 
Answer: b) $20
Explanation: When comparing the value of different amounts of money, $20 has the highest denomination among the given choices.
2. How much does Maxwell need to buy the following toys?
a) $50
b) $60
c) $80
d) $100
Answer: d) $100
Explanation: Maxwell would need $100 to buy both the $30 teddy bear and the $70 car toys.
3. Sofia has 2 notes of $50. How much money she has?
a) $100
b) $150
c) $200
d) $250
Answer: a) $100
Explanation: To determine how much money she has, we can multiply the value of each note by the number of notes:
2 (notes) x $50 = $100
Therefore, Sofia has $100.
4. Which coin has the highest value?
a) Penny
b) Nickel
c) Dime
d) Quarter
Answer: d) Quarter
Explanation: 1 penny = 1 cent
1 nickel = 5 cents
1 dime = 10 cents
1 quarter = 25 cents
Thus, Quarter has the highest value.
5. Jenny's mother's purse contains one $20 note, two $10 notes and two $5 notes. What is the total value of the money in the purse?
a) $20
b) $30
c) $40
d) $50
Answer: d) $50
Explanation: To calculate the total value of the money in the purse, we add up the values of each note:
$20 (1 note) + $10 (2 notes) + $5 (2 notes) = $20 + $20 + $10 = $50
Therefore, the total value of the money in the purse is $50.
Practice Questions on Money
1. Robert wants to purchase a toy car for $50. Which option will he choose?
a) 
b) 
c) 
d) 
Answer: d) 
2. What is the total cost of purchasing 1 toy and 2 ice-cream if the toy costs $10.40 and each ice-cream costs $2.30?
a) $15
b) $20
c) $25
d) $30
Answer: a) $15
3. What is the combined cost of purchasing a toffee and a chocolate if toffee costs $1.10 and chocolate costs $2.90?
a) $4
b) $5
c) $6
d) $7
Answer: a) $4
4. If a man purchases a t-shirt for $80.25 and pants for $120.75, what will be the total amount he needs to pay?
a) $150
b) $160
c) $170
d) $201
Answer: d) 201
5. What is the value of 2 dimes?
a) 5 cents
b) 20 cents
c) 10 cents
d) 2 cents
Answer: b) 20 cents
6. How many nickels make 10 cents?
a) 5
b) 10
c) 2
d) 20
Answer: c) 2
7. How much are 3 quarters?
a) 75 cents
b) 25 cents
c) 30 cents
d) 3 cents
Answer: a) 75 cents
8. What will be the total cost of the given items?
a) $20
b) $25
c) $30
d) $35
Answer: c) $30
9. If the cost of 1 chocolate is $1.20, what is the cost of 5 such chocolates?
a) $3
b) $4
c) $5
d) $6
Answer: d) $6
10. Robert purchases balloons, cold drinks and pizza for $110, $1.50 and $50.50, respectively, to organize a party. What is the total amount of money he spent?
a) $162
b) $172
c) $180
d) $198
Answer: a) $162
