Trade
Money Heads
Money
Sales Tax
Cost
100
Why did people trade?
to get goods or services they needed
100
Who's head is displayed on the penny?
Abe Lincoln
100
why was money invented?
money can be used for multiple things, evens out value making a fair trade
100
What is sales tax?
an extra 'fee' added to the price of a good or service that is imposed and received by the government
100
If you buy an ice cream cone for $1 and the tax is 5% how much is the total cost?
$1.05
200
Give 2 reasons why a trade would not be able to take place
They don't need the good or service, they are happy with what they already have, one person doesn't have anything worthy enough to trade
200
Who is on the $1 bill?
George Washington
200
Where is money made?
US Mint
200
Who is Uncle Sam?
the government
200
You purchase an item for $5 with 6% tax. what is your total cost?
$5.30
300
Why do we no longer trade goods and services for what we want or need?
Money can be used for anything!
300
Who is on the $100 bill?
Ben Franklin
300
What is money made out of?
cotton and linen
300
'No Taxation Without Representation' was a slogan for what US war?
Revolutionary War
300
You buy a shirt for $15.00 at 5%. What is your total cost?
$15.75
400
What is value?
the estimated worth of something
400
Thomas Jefferson is on what value of US currency?
nickel
400
When was the dollar bill made?
1863
400
Is there Sales Tax in all states?
No
400
You spend $125 at your favorite store with 7% tax. What is your total cost?
$133.75
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