ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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20
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15
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40
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10
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Detailed explanation-1: -A dollar is worth 100 cents and each dollar bill is the same value as 100 penny coins. Each dime is worth 10 cents so ten dimes make one dollar because 10 x 10 = 100 cents. Each nickel is worth 5 cents so twenty nickels make one dollar because 20 x 5 = 100 cents.
Detailed explanation-2: -Conversion of Nickels into Dollars As 100 cents form a dollar, and 1 nickel equals five cents, we can say that 20 nickels make up a dollar.
Detailed explanation-3: -Can you make a dollar using only one type of coin? Answer: 100 pennies, 20 nickels, 10 dimes, or 4 quarters; each = 1 dollar.
Detailed explanation-4: -For example, you can make a dollar using four quarters, or 10 dimes, or 100 pennies. You can also make a dollar using a 5 dimes and 10 nickels.
Detailed explanation-5: -It can be seen then that 20 nickels would make a dollar in total, since 20 times 5 equals 100, which is equal to one dollar.