Money

What is Money?

Calculation with currency, in which answers are normally written to two decimal places in the currency's main unit. Converting between currencies uses a quoted exchange rate, and the direction of the conversion decides whether to multiply or divide: multiply when moving from the currency named as one unit, divide when moving towards it.

This definition is part of the Number chapter in Cambridge O Level Mathematics (Syllabus D).

Concepts related to Money

• exchange rate
• unit cost
• change
• two decimal places