An economy is a system that decides how goods and services are made and exchanged to meet people’s needs and wants.
An economist studies how the economy works and how people manage resources.
A good economy usually has lots of jobs, businesses making money, and overall growth. A bad economy has job losses, business closures, and no growth.
The basic unit of money in the United States is the dollar, which is divided into 100 cents.
The most common coins are the penny (1 cent), nickel (5 cents), dime (10 cents), and quarter (25 cents).
To count coins, you add up the cents. Every 100 cents make 1 dollar. For example, if you have coins that add up to 115 cents, that is 1 dollar and 15 cents.
Bills are counted in dollars. You add the value of each bill, starting with the largest denomination to the smallest. For example, if you have two $20 bills and one $5 bill, you would have $45.
Sure! If you have 3 quarters (75 cents), 4 dimes (40 cents), and 2 one-dollar bills, you first count the coins, which add up to 115 cents or $1.15. Then you add the bills, which are $2. The total is $3.15.
A good way to learn is by practicing with real coins and bills, or using interactive games and worksheets that simulate money counting.
Knowing how to count money is essential for everyday transactions, budgeting, and understanding the value of goods and services.