**THE TOOLS OF THE TRADE**

**CHEQUES VS CHIPS**

The terms “Chips” and “Cheques” are both referring to a small round clay disc. The term “Chip” is used when that clay disc has no monetary value. The term “Cheque” is used when that clay disc does have monetary value. An easy way you could remember it is “Chip” means its worthless while “Cheque” means it has monetary value.

**$1 Cheques**can be any color except red green black purple orange or gray. Broken down into small stacks of 5

**$5 Cheques**are always red. Broken down into small stacks of 5**$25 Cheques**are always green. Broken down into small stacks of 4**$100 Cheques**are always black Broken down into small stacks of 5-
**$500 Cheques**are usually solid purple or white and purple Broken down into small stacks of 4 - $1000 Cheques are normally orange or tan
- $5000 Cheques are normally grey

**A "stack" is 20 chips**

A "rack" is 100 chipsA "rack" is 100 chips

Breaking down small stacks

Notice the bank below

The $1 BLUE:Each stack is 20, There are five stacks (rack) How much? The $5 RED:Each stack is 20, There are five stacks (rack) How much? The $25 GREEN:Each stack is 20, There are five stacks (rack) How much? The $100 BLACK:Each stack is 20, There are five stacks (rack) How much? The $500 PURPLE:Each stack is 20, There are five stacks (rack) How much? The $1000 TAN:Each stack is 20, There are five stacks (rack) How much? Total of bank in picture How much? |

The $1 BLUE:Each stack is 20 ($20) There are five stacks (rack) How much? Answer: $100 The $5 RED:Each stack is 20 ($100) There are five stacks (rack) How much? Answer: $500 The $25 GREEN:Each stack is 20 ($500) There are five stacks (rack) How much? Answer: $2500 The $100 BLACK:Each stack is 20 ($2000) There are five stacks (rack) How much? Answer: $10,000 The $500 PURPLE:Each stack is 20 ($10,000) There are five stacks (rack) How much? Answer: $50,000 The $1000 TAN:Each stack is 20 ($20,000) There are five stacks (rack) How much? Answer: $100,000 Total in bank $163,100 |

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Copyright 2020-2021

Site created and designed by Scott Cameron

Las Vegas, Nevada

Copyright 2020-2021

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