1.Introduction to Money

Question 1

What is money?

Answer 1

-Money is what we use to buy things.
-It can be in the form of coins or paper notes.
-We earn money by doing different kinds of work.

Question 2

Importance of Money?

Answer 2

-Money helps us buy things we need like food, clothes, and toys.
-We exchange money for goods and services.
-It’s essential for everyday life.

Question 3

Different Types of Money?

Answer 3

-There are coins of different values: penny, nickel, dime, quarter, etc.
-Paper money comes in various denominations like $1, $5, $10, etc.
-Each coin and note has a different value.

Question 4

Where Does Money Come From?

Answer 4

-Adults earn money by working at jobs.
-Kids can earn money by doing chores or helping out.
-Money can also be given as gifts for special occasions.

Question 5

How Do We Use Money?

Answer 5

-We use money to buy things we need like food and clothes.
-We can save money for later and use it when needed.
-Sharing money to help others is also important.