Money Calculations (Cambridge (CIE) IGCSE Maths: Core): Flashcards
Exam code: 0580 & 0980
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Define the term currency.
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Cards in this collection (4)
Define the term currency.
A currency is a system of money in general use in a particular country or region.
True or False?
Final answers in calculations with money should always be rounded to the nearest integer.
False.
You should usually round answers involving money to two decimal places.
However, you may sometimes be asked to round answers to the nearest integer.
True or False?
Large monetary amounts, such as the cost of a car, are usually rounded to the nearest whole number, e.g. nearest dollar.
True.
Large monetary amounts, such as the cost of a car, are usually rounded to the nearest whole number.
True or False?
Monetary values given in more than two decimal places within a question should be rounded to two decimal places before doing any calculations.
False.
Monetary values given in more than two decimal places should be used in the working.
They should only be rounded for the final answer.
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