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7-10money-basics

Coins and notes

Learn how the number printed on a coin or note tells you what it is worth.

In this lesson

Coins and notes is part of What Is Money?. This preview shows how money-basics connects to everyday family decisions such as earning, saving, spending choices, goals, approvals, or parent-guided money conversations inside Progress Penguin.

Today’s money mission

Imagine this situation: You have a 50 in local currency coin and a 200 in local currency note.

What you need to know

The number on a coin or note is its value — what you can buy with it. Look for this pattern in every money decision you make.

Real-life example

Real-life money moment: You need exactly 150 in local currency for a snack. You have one 100 in local currency note and three 50 in local currency coins.

Progress Penguin connection

Open your balance and recent activity, then apply “Coins and notes.” Find one amount that connects to this objective: Read the value printed on coins and notes and connect that number to your family bank balance. Explain what changed and what the next sensible money move is.

Activity preview

Try the money challenge

Match each key term from this lesson to its definition. The trickiest pair connects to: the number on a coin or note is its value — what you can buy with it. If a match feels wrong, reread the guided explanation and try again.

Try one real money action

Open Tasks and submit proof for one task, or open Requests and make a deposit request. Parent approval can happen later.

Quiz preview

What is printed on a banknote?

The bank's customer service telephone number
The date the note must be exchanged by
The name of the person who authorised printing
Its value as a number

You have a 50 in local currency coin and a 200 in local currency note. Which is worth more?

The 200 in local currency note
The coin — it's metal
They're equal — both are money
Neither — only digital money is real