Money

Money is a item the is accepted as payment for goods and services. NZ money works on a place value system. NZ money currently works on our 100's place value system.

The NZ money have 5 different coins and 5 different notes. There are 10c, 20c, 50c, $1, and $2 coins. There are $5, $10, $20, $50, and $100 dollar notes.

Here is an example on how the system works. A person then they used up a $1.50 and a $1.70. How much does the person have left? This can be solved using place value. First add $1.50c and $1.70c together. 70+50=$1.20c. Then add $1+$1=$2.00. After that add $2.00+$1.20c=$3.20c. Then take away $10.00-$3.20=6.80.

Money can be shown in many different ways. It's importaint to know to use money because it helps people understand the value of money.