ECONOMICS
MONEY MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
$.01, $.05, $.10, $.25, $.50, and $1.00
|
|
|
$.01, $.30, $.50, and $5.00
|
|
|
$.05, $.10, $.50, $.75, and $10.00
|
|
|
Coins can be in any denomination a consumer desires
|
Detailed explanation-1: -Coins. The United States issues several denominations, with the most common being: 1¢, 5¢, 10¢, 25¢, 50¢, and $1. The U.S. Mint manufactures and circulates coins to pay for goods and services.
Detailed explanation-2: -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-3: -The denomination is the name of the coin, like penny, nickel, dime, and quarter. The face value is how much money it’s worth. The penny is worth one cent. The government decides each coin’s value and everyone agrees to honor it.
Detailed explanation-4: -Value of U.S. One Dollar Coins Despite their perhaps seemingly elusive nature, the vast majority of these coins are extremely common and still only worth their face value of one dollar. The first silver dollar coins were minted in 1794.