Review Term 3

Something that is used to pay for goods or services

• barter

• money

• inventory

People use money to

• save for the future

• buy money

• measure the value of something

• be poor

Before people didn't use money, they exchanged one product for another without money. This system was called

A plastic card that is linked to your account, when you use it the money is taken from your account balance.

• credit card

• cryptocurrency

• debit card

• electronic money

A plastic card that is linked to your account and you can buy things on credit (buy now, pay later)

• debit card

• cryptocurrency

• credit card

• electronic money

Digital money that works as medium of exchange and is not controlled by any government.

• cash

• debit card

• electronic money

• cryptocurrencies

Which one is NOT one of the functions of money?

• assigning prices

• medium of exchange

• decreasing wealth

• increasing wealth

How people, governments and businesses in different countries all over the world are becoming more closely connected

Which one is NOT a type of globalisation?

• social

• environmental

• economic

• political

Bank notes and coins of a country.

• cash

• exchange rate

• capital

• currency