Understanding dollar bill equivalence means recognizing that different combinations of bills can have the same total value. For example, two five-dollar bills are equivalent to one ten-dollar bill. Learning these relationships helps with making change, budgeting, and understanding the value of money. This skill is super important for real-life situations like shopping!
Match the term with its definition:
| Term | Definition |
|---|---|
| 1. Value | A. Paper money issued by the government. |
| 2. Dollar | B. Something that is accepted as payment for goods and services. |
| 3. Bill | C. The worth of something. |
| 4. Equivalence | D. U.S. currency worth 100 cents. |
| 5. Currency | E. The state of being equal in value. |
Complete the following paragraph using the words: ten, five, dollars, one, equivalence.
Understanding dollar bill ______ is essential for handling money. Two ______-dollar bills have the same value as ______ ______-dollar bill. Also, ______ ten dollar bill and one five-dollar bill have equivalence with three five-dollar ______.
Imagine you have three five-dollar bills. What are two different ways you could exchange them for other bills to have the same total value? Explain your thinking.
Please log in to post your answer.
Log InEarn 2 Points for answering. If your answer is selected as the best, you'll get +20 Points! ๐