Eli does not have any money saved but wants to purchase a bicycle for $98. Represent how the cost of the bicycle will affect Eli’s total money. (1 point)

Question

Responses

−98
negative 98

98
98

−78
negative 78

78

Answer 1

The cost of the bicycle will affect Eli's total money by subtracting the cost from his current amount, which is $0. Therefore, the representation of this transaction would be:

−98

This indicates that he will be in debt or have a total of negative $98 after the purchase.

Answer 2

Describe what money is, how it is used, and how it has changed over time.