Units of money - Examples, Exercises and Solutions

There are different types of currencies (different monetary units) in the world. For example, in some countries in Latin America, the peso is used, in others the dollar, and in several European countries, the euro is used.

Each of these monetary units is composed of smaller units. For example:

In one peso there are 100 100 cents or centavos.

In one dollar there are 100 100 cents or penny.

In one euro there are 100 100 cents.

A1 - Monetary units

There are also exchange rates that allow us to convert amounts from one currency to another. Like the conversion between the peso and the dollar or dollar and euro.

For example, the exchange rate between the dollar and the Mexican peso today is:

1 1 dollar 17.50 17.50 Mexican pesos.

Or, in words, one dollar is worth 17.50 17.50 Mexican pesos.

Note that we have written that this is its value today, as the exchange rate varies constantly influenced by many economic factors. This topic is really interesting, but it is not related to our article.


Suggested Topics to Practice in Advance

  1. Units of measurement for 11 and 12 year olds
  2. Surface Area Units or Area Measurements
  3. Weight units
  4. Units of Volume
  5. Time units

Practice Units of money

Exercise #1

How many cents are in 5.7 $?

Video Solution

Answer

570 570

Exercise #2

Write \( 5\frac{1}{4} in terms of cents.

Video Solution

Answer

525 525

Exercise #3

200 cents = ? $

Video Solution

Answer

2 2

Exercise #4

370 cents = ? $

Video Solution

Answer

3.7 3.7

Exercise #5

7×12+23×110= 7\times\frac{1}{2}+23\times\frac{1}{10}=

Video Solution

Answer

5.8 ₪

Exercise #1

Fill in the corresponding sign:

353.8\ \) 35,380 35,380 cents

Video Solution

Answer

= =

Exercise #2

I have three £20 notes

and three coins woth £5.

If I convert all my money into 10-pence coins, how many pennies will I have?

Video Solution

Answer

700 700

Exercise #3

379 cents = ? $

Video Solution

Answer

3.79 3.79

Exercise #4

Complete the corresponding sign:

14 coins of 2 and1500coinsof10cents</p><p></p><p>or</p><p>2billsof20 and 1500 coins of 10 cents</p><p></p><p>or</p><p>2 bills of 20

2×20 (?) 14×2+1500×110 2\times20~(?)~14\times2+1500\times\frac{1}{10}

Video Solution

Answer

<

Exercise #5

Fill in the missing sign (?) so that the following corresponds to the expression underneath:

29.9or2coinsof29.9 or 2 coins of 10 , one coin of 5,2coinsof5, 2 coins of 2, one coin of half a dollar, and 3 coins of 10 cents.

2×10+5+2×2+12+310?29.9 2\times10+5+2\times2+\frac{1}{2}+\frac{3}{10}?29.9

Video Solution

Answer

<

Exercise #1

I have two 50 bills,</p><p>Threecoinsof5 bills,</p><p>Three coins of 5

and four half $ coins,

If I convert everything to 10 -cent coins, how many cents will I have?

Video Solution

Answer

1170 1170

Exercise #2

x2 x^2 Cents = ?

Video Solution

Answer

x2100 \frac{x^2}{100}

Exercise #3

write \( x in terms of cents.

Video Solution

Answer

100x 100x

Exercise #4

312712 3127\frac{1}{2} $ = ? cents

Video Solution

Answer

312,750 312,750

Exercise #5

Fill in the missing sign (?) so that the following corresponds to the expression underneath:

27 coins of 10 cents and 13 coins of 50 cents

or

4 coins of 2 dollars and 3 coins of 50 cents

4×2+3×12?27×110+13×12 4\times2+3\times\frac{1}{2}?27\times\frac{1}{10}+13\times\frac{1}{2}

Video Solution

Answer

>