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Adding & Subtracting with Money

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Pluses of Money Denominations of money + Dollars and cents + Change: Quarter, Dime, Nickel & Penny + Paper $: Dollars, Twos, Fives, Tens & Twenties

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The Sum of All Money Adding Change to make Dollars + 4 quarters + 10 dimes + 20 nickels + 100 pennies How much Money do I have? + 5 ones + 2 fives + 4 fives or 2 tens + 10 fives or 5 tens + 2 fifties

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Subtracting or Spending Money Spending Money is just simple subtraction Examples:$20-10 $10-5 $5-3 $1-$.25 $.10-$.05

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Money & Banking Terms Saving money equals Addition Deposits Spending money equals Subtraction Withdrawals

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Banking: Deposits and Withdrawals Making Deposits: Adding Money to a Bank Account (Example: If you have $20 dollars and you make a deposit of $10 you will now have a balance of $30 in your account {$20 + $10 = $30}.) By making deposits into an account you are adding money and the sum of money, or the balance, in your account will grow with each deposit you make.

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Making Withdrawals: Taking Money or Subtracting from a Bank Account When you make a withdrawal from your account you are subtracting money from your balance. You are decreasing the amount of money in your account. (Example: If you have $50 in your bank account and you want to take $20 out, you are wanting to subtract money. You will be left with the difference of $30 as your new balance {$50 - $20 = $30}.)

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Now You Know... Adding & Subtracting Is the same as Deposit and Withdrawal For further information, look to the following website: http://www.familyeducation. com/article/0,1120,62- 6106,00.html Kids & Money The best way to get banking information is to visit your local bank. There are many people there to help you with your questions.

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