Class 4 Exam  >  Mathematics for Class 4  >  Flashcards: Money
Flashcards: Money
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FAQs on Flashcards: Money Video Lecture - Mathematics for Class 4

1. What are some common types of coins and bills used as money?
Ans. Common types of coins include pennies, nickels, dimes, and quarters. Bills, or banknotes, commonly used include $1, $5, $10, $20, $50, and $100 denominations.
2. How can I distinguish between real money and counterfeit money?
Ans. Real money typically has specific security features such as watermarks, color-shifting ink, and security threads. Counterfeit money may lack these features, feel different, or have blurry printing.
3. Can money be exchanged for goods and services in other countries?
Ans. Yes, money can be exchanged for goods and services in other countries through currency exchange services, banks, or using credit/debit cards that are accepted internationally.
4. What is the importance of budgeting when it comes to managing money?
Ans. Budgeting helps individuals track their income and expenses, prioritize spending, and save for future goals. It allows for better financial planning and helps avoid overspending.
5. How can I protect my money and personal information from theft or fraud?
Ans. To protect your money and personal information, it is important to keep your PINs and passwords secure, avoid sharing sensitive information online or over the phone, and regularly monitor your accounts for any unusual activity.
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