Money
Welcome to the chapter on Money for Class 3. In this chapter, you will learn what money is, why it is important, different types of money, and how we use money in our daily life. By the end of this chapter, you will be able to identify coins and notes, understand how to use money, and know some facts about money in India and the world!
Introduction
Money is what we use to buy things we need or want. It helps us pay for food, clothes, toys, and many other things. Money makes trading and shopping easy.
Types of Money
- Coins: Small, round pieces of metal. Example: ₹1, ₹2, ₹5, ₹10 coins.
- Notes: Paper money. Example: ₹10, ₹20, ₹50, ₹100, ₹200, ₹500, ₹2000 notes.
- Digital Money: Money used online or through cards and apps.
Why Do We Need Money?
- To buy things we need and want.
- To pay for services like bus rides, movies, and school fees.
- To save for the future.
How Do We Use Money?
- We give money to buy things from shops and markets.
- We can save money in a piggy bank or in a bank account.
- We can use digital money for online shopping and payments.
Indian Money
- The money used in India is called Rupee (₹).
- One rupee is made up of 100 paise.
- Coins and notes have pictures and numbers to show their value.
Fun Facts About Money
- The first coins were made thousands of years ago.
- Every country has its own money. In the USA, it is called Dollar ($); in the UK, it is Pound (£).
- You can use money to buy things, but you should also save some for later!
Fun Activity: Make Your Own Money!
Draw and color your own coins and notes. Write their value and design your own pictures on them!
Summary
- Money is used to buy things and pay for services.
- We use coins, notes, and digital money.
- Indian money is called Rupee (₹).
- Saving money is important for the future.
Practice Questions
- Name two types of money used in India.
- What is the value of one rupee in paise?
- Why do we need money?
- What is digital money?
- Name the money used in the USA.
Challenge Yourself
- List three things you can buy with ₹10.
- Find out what pictures are on Indian notes and coins.
Did You Know?
- The Reserve Bank of India makes and controls Indian money.
- Some old coins are made of gold and silver!
Glossary
- Money: What we use to buy things and pay for services.
- Rupee: The money used in India (₹).
- Coin: Metal money.
- Note: Paper money.
- Digital Money: Money used online or with cards.
Answers to Practice Questions
- Coins and notes.
- 100 paise.
- To buy things, pay for services, and save for the future.
- Money used online or with cards and apps.
- Dollar ($).
Use money wisely and remember to save some for the future!