M&M L1 Act 1: Money, ringgit and sense

M&M L1 Act 1: Money, ringgit and sense

10th Grade

11 Qs

quiz-placeholder

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M&M L1 Act 1: Money, ringgit and sense

M&M L1 Act 1: Money, ringgit and sense

Assessment

Quiz

Other

10th Grade

Medium

Created by

The Edge Education Foundation

Used 202+ times

FREE Resource

11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Before money was invented, people in ancient times exchanged goods and services using things like livestock, wheat, tools and even cowrie shells. What is this system of trading called?

Free trade

Goods exchange

Barter

Cashless trade

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

US

England

Spain

China

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The diagram below shows a short history of money starting with barter trade to the most recent form, i.e.crypto currency like Bitcoin. Fill in the blanks with the correct answers:

Barter > _______  > _________> _________ > _________ > Crypto currency (e.g. Bitcoin)

A. Metal coins

B. Cowrie shells

C. Electronic money (e-money)

D. Paper money

D > B > A > C

B > D > A > C

B > A > D > C

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The ringgit is issued by:

Bank Negara Malaysia

Putrajaya

Bank Simpanan Nasional

Ministry of International Trade and Industry

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The names ringgit and sen were officially adopted as the sole official names of

the Malaysian currency in:

1957

1967

1975

1995

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What image is featured on the back of a Malaysian ten ringgit note?

Rafflesias

Turtles

The Petronas Twin Towers

The Wau Bulan

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Match the name and the country this currency belongs to

Baht, Thailand

Pound sterling, Britain

Renminbi/Yuan, China

Rupiah, Indonesia

Yen, Japan

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