Social Studies Chapter 3 Review

Which of the following is a characteristic of money?

• It will tear easily
• It is small enough to carry
• It can be edited
• It is hard to recognize

Currency is ....

• a symbol of Florida
• The same as paper
• the same thing as goods and services
• a system of money that a country uses

Money comes in different forms. 

• True
• False

Money can be changed into smaller amounts.

• True
• False

All bills and coins are the same amount.

• True
• False

All countries have the same system of currency.

• True
• False

In Canada, paper bills are called _________________.

• Pesos
• symbols
• dollars
• coins

Which symbol is on the back of East Caribbean coins? 

• a cow
• a boat
• a golden eagle
• The Queen

Monica sells lemonade at a lemonade stand. She then takes that money and buys more supplies. She is a...

• buyer
• seller
• both

Mrs. Albrecht went shopping and purchased some shoes. What is the best way to describe Mrs. Albrecht?

• She is tired.
• She does not know how to buy the shoes.
• She is a buyer.
• She is a seller.