Money Worksheets Money Worksheets In general life, we use money for the every purchasing and sailing. Money is the medium of the taking objects and giving objects. Money is also an object used for the payment for the products and services. The main objective of money can be consider as the : - standard of delayed payment, medium of exchange, module of account and many more. In the whole world the two most common form of money are the coins and the banknotes. These two also used in daily to daily transactions (when we buy something then we have to pay something valuable thing thats value is equal to the goods and services' value that we are taking from the party) in all over the world. If we talk about the history of money, then there is no exact proof to see. However this term was used firstly in the Mesopotamia circa around in 3000 BC. As we saw above the main functionality of the money and the money matters for the four functions such as : - measure, standard, store and medium. Money is the very broad term that describes the every financial instrument that can accomplish the money's function as described above. Know More About What Is An Independent Variable Math.Tutorvista.com
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Money can be following types : 1. Commodity money : - It includes naturally scares such as gold, silver etc. and many things that have value. Commodity offered for sale. 2. Representative money : - Representative money are the money that contains token coins and physical tokens such as certificates. 3. Fiat money : - This type of money is ordered by the governments like banknotes and coins. In our country RBI ( Reserve Bank Of India ) declares the banknotes and coins. 4. Currency : - This is used for medium of exchange like coins and banknotes. 5. Commercial bank money : - It consist the checks and cash. Also known as demand deposits. We can calculate the Money Worksheets by taking examples of adding money, subtracting money and many more... But before calculate the money worksheets we should be familiar with the some terms because money can be categorized into cents, nickel, dime, quarter and dollar. And each have different value. Lets take a look. 1 penny = 1 cent 1 nickel = 5 cents 1 dime = 10 cents 1 quarter = 25 cents 1 half dollar = 50 cents
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1 dollar = 100 cents The dollar can be represented by this symbol ' $ ' and cent is represented by this symbol ¢. for example $ 123. 24 is the 123 dollar amount and the 0.24 is the cents. We can also subtract the money. Every countries government uses some tools and approaches so that money supply can be controlled, the tools are : -Changing interest rates time ti time. -Government borrowing increasing or decreasing. -Government spending increasing or decreasing. -Taxation on the goods and services and increasing or decreasing bank reserve requirements.
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