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Money Math: Practice Questions with Answers

Curriculum: Money MathGrades: 1–3Questions: 12Mode: Practice

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1. What is the value of one penny?

  1. 5 cents
  2. 25 cents
  3. 1 cent
  4. 10 cents
Show the answer
Answer: C. 1 cent
A penny is worth 1 cent. It is the smallest coin value in United States money.

2. What is the value of one nickel?

  1. 5 cents
  2. 1 cent
  3. 10 cents
  4. 25 cents
Show the answer
Answer: A. 5 cents
A nickel is worth 5 cents. It is bigger than a penny but worth less than a dime or a quarter.

3. What is the value of one dime?

  1. 5 cents
  2. 25 cents
  3. 1 cent
  4. 10 cents
Show the answer
Answer: D. 10 cents
A dime is worth 10 cents, even though it is the smallest coin in size. Size does not always match value.

4. What is the value of one quarter?

  1. 1 cent
  2. 5 cents
  3. 10 cents
  4. 25 cents
Show the answer
Answer: D. 25 cents
A quarter is worth 25 cents, which makes it the most valuable of these four common coins.

5. Which coin listed below is worth the most money?

  1. Nickel
  2. Quarter
  3. Dime
  4. Penny
Show the answer
Answer: B. Quarter
The quarter is worth 25 cents, more than a penny (1 cent), nickel (5 cents), or dime (10 cents).

6. Which coin listed below is worth the least money?

  1. Nickel
  2. Penny
  3. Dime
  4. Quarter
Show the answer
Answer: B. Penny
The penny is worth only 1 cent, which is less than a nickel, dime, or quarter.

7. How many pennies does it take to equal one nickel?

  1. 2 pennies
  2. 10 pennies
  3. 25 pennies
  4. 5 pennies
Show the answer
Answer: D. 5 pennies
A nickel equals 5 cents, and each penny equals 1 cent, so it takes 5 pennies to equal one nickel.

8. How many nickels does it take to equal one dime?

  1. 10 nickels
  2. 5 nickels
  3. 1 nickel
  4. 2 nickels
Show the answer
Answer: D. 2 nickels
A dime equals 10 cents, and each nickel equals 5 cents, so 2 nickels (5 + 5 = 10) equal one dime.

9. How many pennies does it take to equal one dime?

  1. 10 pennies
  2. 2 pennies
  3. 25 pennies
  4. 5 pennies
Show the answer
Answer: A. 10 pennies
A dime is worth 10 cents, and each penny is worth 1 cent, so it takes 10 pennies to equal one dime.

10. How many cents are in one dollar?

  1. 10 cents
  2. 25 cents
  3. 50 cents
  4. 100 cents
Show the answer
Answer: D. 100 cents
One dollar equals 100 cents. This is why 4 quarters (25 + 25 + 25 + 25) add up to one dollar.

11. If you have 2 pennies, how much money do you have?

  1. 5 cents
  2. 2 cents
  3. 1 cent
  4. 10 cents
Show the answer
Answer: B. 2 cents
Each penny is worth 1 cent, so 2 pennies equal 1 + 1 = 2 cents.

12. If you have 3 dimes, how much money do you have?

  1. 3 cents
  2. 13 cents
  3. 30 cents
  4. 33 cents
Show the answer
Answer: C. 30 cents
Each dime is worth 10 cents, so 3 dimes equal 10 + 10 + 10 = 30 cents.
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