Value

High school (ages 12+)
Mathematics & Numbers

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/value

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What does "value" mean in math?In math, value is the number a digit represents based on its place in a number. For example, in 123.45, the 1 is worth 100 because it is in the hundreds place.
2. How did people decide what things were worth before money?Early people used barter, trading one thing for another. The value was based on how useful and rare the item was.

Place Value: The value of a digit in a number based on its position, determining its magnitude.
Fiat Money: Currency that a government has declared to be legal tender, but it is not backed by a physical commodity.
Intangible Assets: Non-physical assets, such as patents, copyrights, brand recognition, and goodwill, that have economic value.