M&M L1.1 Act 2: Origins of Money

M&M L1.1 Act 2: Origins of Money

10th Grade

10 Qs

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M&M L1.1 Act 2: Origins of Money

M&M L1.1 Act 2: Origins of Money

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10th Grade

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1. Before money was invented, people used a different process to exchange goods and services. What is this system of trading called?

A. Free trade

B. Share trading

C. Barter

D. K Mart

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2. Which country invented the first paper currency in 800 A.D.?

A. US

B. England

C. Spain

D. China

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

3. Which of the following is the oldest form of ‘money’?

A. Rice, wheat and cowrie shells

B. Knives and spades

C. Cows, sheep, camels and other livestock

D. All of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4. The ringgit is issued by

A. Bank Negara Malaysia

B. Putrajaya

C. Bank Simpanan Nasional

D. Citibank

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

5. The first series of sen coins in Malaysia were introduced in 1967 in denominations of 1 sen, 5 sen, 10sen, 20 sen, 50sen.

A. True

B. False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

6. A ringgit is divided into 100 sen.

A. True

B. False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

7. Currencies are often identified by symbols. What is the symbol used by the British pound?

A. $

B. £

C. ¥

D. €

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