Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context, or is easily converted to such a form. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment. Any item or verifiable record that fulfills these functions can be considered money.

coins

coins

1. $.01 = 1C 2. $.05 = 5C 3. $.10= 10C
   a penny / 1 cent    a nickel / 5 cents    a dime / 10 cents
4. $.25 = 25C 5. $.50 = 50C 6. $1.00
   a quarter / 25 cents    a half dollar    a dollar coin

bill

7. $1.00                                                      8. $5.00                                                  9. $10.00
a dollar                                                          five dollars                                            ten dollars

note

10. $20.00                                                11. $50.00                                            12. $100.00
twenty dollars                                            fifty dollars                                            one hundred dollars

money conversation

A. Get change.                              B. Borrow money.         C. Lend money.          D. Pay back the money

Make new conversations.
A:Do you have change for a dollar?
B: Sure. How about two quarters and five dimes?
A: Perfect!

A. How much is a penny worth?
B. A penny is worth one cent.
A. Soda costs ninety-five cents.Do you have enough change?
B. Yes. I have a/two/three dime(s)

A. I’m going to the supermarket.Do you have any cash?
B. I have a twenty-dollar bill.
A. Twenty dollars is enough. Thanks.
A. Can you change a five-dollar bill/a five?
B. Yes. I have five one-dollar bills/ five ones.

Think about it. Discuss.
1. Is it a good idea to lend money to a friend? Why or why not?
2. Is it better to carry a dollar or four quarters? Why?
3. Do you prefer dollar coins or dollar bills? Why?