grade 6 - financialliteracy

Multiple Choice

Select the right order in the evolution of money

• 1) Precious Metal Coins, 2) Barter System, 3) Fiat Currencies, 4) Paper Currencies

• 1) Barter System, 2) Precious Metal Coins, 3) Paper Currencies, 4) Fiat Currencies

• 1) Barter System, 2) Precious Metal Coins, 3) Fiat Currencies, 4) Paper Currencies

• 1) Precious Metal Coins, 2) Barter System, 3) Paper Currencies, 4) Fiat Currencies

Multiple Choice

What are the three stages of the evolution of money as depicted in the image?

• Cave Trades

• Currency Standards

• Digital Economy

• Barter System

Multiple Choice

What is the fundamental trade dilemma presented in the image?

• How to trade if the other person doesn't want what you have?

• How to ensure a successful trade?

• What items are being traded?

• How to avoid trading errors?

Multiple Choice

What improvements does Version 2.0 (Commodity) offer over Version 1.0 (Barter)?

• Direct swapping of items

• Using universally desired items

• Hard to carry a cow

• Widely accepted by most

Multiple Choice

What are the limitations of the barter system as described in Version 1.0?

• Hard to find a perfect match

• Widely accepted by most

• Food rots

• Shells break

Multiple Choice

What are the main differences between Version 3.0 and Version 4.0 in terms of their systems and improvements?

• Version 3.0 uses coins, while Version 4.0 uses paper.

• Version 3.0 is heavier and dangerous, while Version 4.0 is lightweight and portable.

• Version 3.0 is standardized, while Version 4.0 is not.

• Version 3.0 is based on physical gold, while Version 4.0 is based on IOUs.

Multiple Choice

What are the key improvements of Version 5.0 in the digital system?

• Instant global transactions

• Physical currency support

• Limited accessibility

• Higher transaction fees

Multiple Choice

Which type of money has the highest portability, durability, and divisibility?

• Barter

• Commodity

• Digital

• Paper

Multiple Select

What are the four key components of the ripple effect of better money?

• Better Money

• Bigger Trade Networks

• Economic Growth

• Human Development

Multiple Select

What are the four key components of the global economy as illustrated in the image?

• Efficiency

• Trade Network

• Economic Growth

• Development

Open Ended

Write a short paragraph connecting our key vocabulary. Explain exactly how the evolution of money has driven Economic Growth and expanded the Trade Network.

Open Ended

Imagine you are designing Version 6.0 for a human colony on Mars. What new limitations would you face, and how would your money solve them?

Open Ended

Map the five stages of money we just explored. Identify and mark which specific upgrade you believe was the biggest game-changer in history.

Poll

How confident do you feel about this topic now?

• Very confident
• Somewhat confident
• Not confident