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Quizzes > Quizzes for Business > Finance

Test Your Elementary Money Math Quiz Skills

Practice Counting Money and Making Change Skills

Difficulty: Moderate
Questions: 20
Learning OutcomesStudy Material
Colorful paper art featuring symbols for Elementary Money Math Quiz

Curious about money math? This Elementary Money Math Quiz offers a fun, interactive way to practice counting coins, identifying bill values, and making change accurately. Perfect for students or educators seeking a quick assessment, you can customize every question freely in our editor. After finishing, learners will gain confidence in everyday money skills. Want more challenges? Explore the Elementary Math Fundamentals Quiz or dive into the Money and Banking Knowledge Quiz, then discover all our quizzes.

What is the value of a nickel?
10 cents
25 cents
5 cents
1 cent
A nickel is a US coin worth 5 cents. It is one of the basic coin denominations used in everyday transactions.
What is the value of a dime?
5 cents
1 cent
25 cents
10 cents
A dime is a US coin that is worth 10 cents. It is smaller in size than a penny even though it has higher value.
How many cents are in a quarter?
50 cents
10 cents
20 cents
25 cents
A quarter is worth 25 cents in US currency. Quarters are commonly used to make change for dollar transactions.
A penny plus a dime equals how many cents?
10 cents
12 cents
11 cents
15 cents
A penny is 1 cent and a dime is 10 cents, so together they total 11 cents. Adding coin values gives the combined amount.
What coin has a value of 50 cents?
Quarter
Half-dollar
Dime
Nickel
A half-dollar coin is worth 50 cents in US currency. It is larger than a quarter and rarely used compared to other coins.
You have 3 quarters and 2 dimes. What is the total amount?
85 cents
95 cents
90 cents
100 cents
Three quarters are worth 75 cents (3×25¢) and two dimes are worth 20 cents (2×10¢), for a total of 95 cents.
You combine a $2 bill, 3 quarters, and a nickel. What is the total?
$2.85
$2.80
$2.75
$2.90
A $2 bill is $2.00, three quarters add $0.75, and a nickel adds $0.05. Summing these gives $2.80.
Convert 145 cents to dollars.
$1.04
$0.145
$14.50
$1.45
One dollar equals 100 cents, so 145 cents equals $1.45. You divide the cent amount by 100 to find dollars.
What is the total of 4 quarters, 3 dimes, and 2 nickels?
$1.50
$1.40
$1.30
$1.00
Four quarters equal $1.00, three dimes equal $0.30, and two nickels equal $0.10, totaling $1.40.
If an item costs $3.20 and you pay with $5.00, how much change should you receive?
$1.90
$2.00
$1.70
$1.80
Subtract the cost ($3.20) from the payment ($5.00) to get $1.80 in change.
How many dimes make $2.00?
20 dimes
25 dimes
15 dimes
10 dimes
Each dime is $0.10; to make $2.00 you need 20 dimes (20×$0.10 = $2.00).
A jar contains 10 pennies, 8 nickels, and 4 quarters. What is the total amount?
$1.00
$1.50
$2.00
$0.90
10 pennies = $0.10, 8 nickels = $0.40, 4 quarters = $1.00, summing to $1.50.
Convert $4.75 into cents.
475 cents
4,750 cents
47.5 cents
400 cents
Multiply dollars by 100 to get cents: $4.75 × 100 = 475 cents.
You pay $2.00 for an item costing $1.85. What is your change?
$0.25
$0.05
$0.15
$0.20
Subtract the cost ($1.85) from the payment ($2.00) to find $0.15 in change.
What is the decimal form of 65 cents?
$0.065
$6.50
$0.60
$0.65
Cents are converted by dividing by 100: 65 ÷ 100 = 0.65, so 65 cents is $0.65.
Which combination of coins equals $1.15?
4 quarters and 1 dime
2 quarters, 3 dimes, and 5 nickels
3 quarters and 4 dimes
1 quarter and 8 dimes
Three quarters (3×25¢ = 75¢) plus four dimes (4×10¢ = 40¢) equals 115¢ or $1.15.
An item costs $12.37 and you pay with three $5 bills. How much change will you receive?
$2.63
$2.73
$2.57
$3.00
Three $5 bills total $15.00; subtracting the cost ($12.37) leaves $2.63 in change.
What is the fewest number of coins needed to make 67 cents?
6 coins
7 coins
8 coins
5 coins
Using 2 quarters (50¢), 1 dime (10¢), 1 nickel (5¢), and 2 pennies (2×1¢) totals 67¢ with 6 coins, the minimum possible.
A customer has $45 in twenty-dollar and five-dollar bills, using three bills total. How many five-dollar bills does the customer have?
2 five-dollar bills
4 five-dollar bills
3 five-dollar bills
1 five-dollar bill
Let x be twenties and y be fives: 20x+5y=45 and x+y=3. Solving gives y=1, so one $5 bill.
A coin collector has $9.00 in only dimes and quarters. He has twice as many dimes as quarters. How many quarters does he have?
20 quarters
12 quarters
15 quarters
18 quarters
If q is quarters and 2q is dimes, total value is 25q+10·2q=45q cents. Set 45q=900 cents to get q=20.
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Learning Outcomes

  1. Identify common coins and their numerical values
  2. Calculate total amounts of mixed coins and bills
  3. Make accurate change in everyday scenarios
  4. Apply decimal and cent conversion strategies
  5. Master money math problem-solving techniques

Cheat Sheet

  1. Recognize and value U.S. coins - Get to know the penny (1¢), nickel (5¢), dime (10¢), and quarter (25¢) by sight, shape, and size. It's fun to notice that dimes are smaller than nickels but worth twice as much! Spend a few minutes sorting real or play coins to build confidence. Third Space Learning: Money Word Problems
  2. Convert cents to dollars - Remember that 100 cents make $1. Divide any cent amount by 100 to switch to dollars and cents. For example, 250¢ becomes $2.50, making it easier to read prices in stores or when budgeting. Ducksters: Money Math - Addition & Subtraction
  3. Add and subtract money amounts - Line up decimal points carefully when you combine or remove dollar amounts, just as you do with other decimals. You'll see that $5.25 + $3.10 = $8.35 and $8.35 - $2.50 = $5.85. These skills are essential for balancing a lunch tab or figuring out sale prices. Ducksters: Money Math - Addition & Subtraction
  4. Calculate the total value of mixed coins - Count each coin type separately (e.g., 2 quarters = 50¢, 3 dimes = 30¢, 4 nickels = 20¢) and then add those subtotals. Before long, you'll breeze through problems like 50¢ + 30¢ + 20¢ = $1.00. Practice with jars of spare change to make it fun! Ducksters: Money Word Problems - Addition & Subtraction
  5. Make accurate change - To find change, subtract your purchase total from the amount you hand over. If you pay $10 for a $7.25 item, you should get $2.75 back. Role-play shopping scenes with friends or family to master this practical skill. Ducksters: Money Word Problems - Addition & Subtraction
  6. Understand decimal notation in money - In any dollar amount, the digits left of the decimal show whole dollars, and the two digits to the right represent cents. So $3.50 really means 3 dollars and 50 cents. Try writing several prices this way to become fluent. Ducksters: Money Math - Addition & Subtraction
  7. Practice money word problems - Apply your skills in real-life scenarios like shopping for snacks, splitting a bill, or saving up for a toy. These word problems help you think through each step and verify your calculations. Challenging yourself with story problems builds strong money sense! Ducksters: Money Word Problems - Addition & Subtraction
  8. Use rounding strategies - When estimating, round each amount to the nearest dollar to speed up your mental math. For instance, $4.73 rounds up to $5.00 and $3.24 rounds down to $3.00, making quick shopping budgets a breeze. You'll get faster at knowing if you have enough money in your wallet! Math-Drills: Money Worksheets
  9. Apply multiplication and division with money - Multiply to find the cost of multiple items (e.g., 3 × $2.50 = $7.50) and divide to split a total evenly among friends. These skills are invaluable when planning parties or pooling money for gifts. Practice with grocery store flyers or pretend lemonade stands. Ducksters: Money Math - Addition & Subtraction
  10. Develop mental math techniques - Work on tricks like breaking amounts into easier chunks (e.g., $4.75 as $4 + 75¢) or adding coin values in your head. Quick mental math boosts your confidence at the cash register and in everyday decisions. Turn these into fun timed challenges for yourself or with friends! Ducksters: Money Math - Addition & Subtraction
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