Money Week 2023 - introduction

Money

What is money?

Do some research!

Open Ended

What is money?

The origin of money

Open Ended

What did people use for trading before the development of money?

Multiple Choice

According to many historians, the first regulated coins were issued c. 610–c. 560 BCE in the kingdom of Lydia, i.e. present-day ... (country).

• Hungary

• Turkey

• Egypt

• China

Open Ended

What does currency mean?

Multiple Choice

What is the name of the field that deals with the study of currency?

• Numismatics

• Numerology

• Number theory

• Astrology

Multiple Choice

What does inflation mean?

• The decrease of the prices in a certain country.

• The increase of the purchising power of money.

• An increase in the general price level of goods and services in an economy, resulting in the reduction of the purchising power of money.

• The introduction of a new currency in a country.

Multiple Choice

What does the BigMac Index show?

• The price of junk food in a certain country.

• The Big Mac index is a way of measuring Purchasing Power Parity (PPP) between different countries.

• The amount of junk food people eat in a certain country.

• The quality of BigMac in a certain country.

Multiple Choice

Which of the following countries had the highest BigMac Index value in 2022?

• Hungary

• Vietnam

• USA

• Switzerland

Gross and net salary

Multiple Choice

...pay is the amount of money an employee receives from a company before any deductions—such as health insurance, taxes, or student loan payments—are taken out.

• Gross

• Net

Multiple Choice

Net pay is the money ...

• left once taxes and deductions have been taken out of your gross pay.

• before any deductions—such as health insurance, taxes, or student loan payments—are taken out.

Gross and net salary in Hungary

What % of the gross salary is the net salary?

Open Ended

What % of the gross salary is the net salary?

Multiple Choice

Who earns more?

A. whose gross salary is 600 000 HUF or

B. whose net salary is 420 000 HUF

• A

• B

Multiple Choice

Who earns more?

A. whose net salary is 500 000 HUF or

B. whose gross salary is 750 000 HUF

• A

• B

Multiple Choice

How much is your net salary if your gross salary is 444 000 HUF?

• 300 000 HUF

• 667 000 HUF

• 444 000 HUF

• 295 000 HUF

Multiple Choice

How much is your gross salary if your net salary is 445 000 HUF?

• 300 000 HUF

• 669 000 HUF

• 444 000 HUF

• 295 000 HUF

Open Ended

The price of a product was increased by 10%. How much do you need to pay now if the original price was 12500HUF?

Multiple Choice

The price of a product was 24000 and it was increased by 10% last week. The new price will be increased by another 10% next week. How much do we need to pay after the two changes?

• 29 040 HUF

• 30 000 HUF

• 14 000 HUF

• 25 000 HUF

Multiple Choice

The price of a product was increased by 10% last week, and the new price will be increased by another 10% next week. By what % was the original price increased after the two changes?

• 20%

• 100%

• 21%

• 10%

Multiple Choice

The price of a product was 24000 and it was increased by 10% last week. The new price will be decreased by 20% next week. How much do we need to pay after the two changes?

• 20 000 HUF

• 21 120 HUF

• 22 000 HUF

• 23 000 HUF

Multiple Choice

The price of a product was 24000 and it was increased by 10% last week. The new price will be decreased by 20% next week. What % of the original price do we need to pay altogether?

• 90%

• 20%

• 88%

• 110%

Multiple Choice

The price of a product was 24000 and it was increased by 10% last week. The new price will be decreased by 30% next week. What % of the original price do we need to pay altogether?

• 77%

• 20%

• 70%

• 120%