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

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

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

• US

• England

• Spain

• China

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

The ringgit is issued by:

• Bank Negara Malaysia

• Putrajaya

• Bank Simpanan Nasional

• Ministry of Investment, Trade and Industry

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

the Malaysian currency in:

• 1957

• 1967

• 1975

• 1995

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

• Rafflesias

• Turtles

• The Petronas Twin Towers

• The Wau Bulan

Match the name and the country this currency belongs to

• Baht, Thailand

• Pound sterling, Britain

• Renminbi/Yuan, China

• Rupiah, Indonesia

• Yen, Japan

Match the name and the country this currency belongs to

• Baht, Thailand

• Pound sterling, Britain

• Renminbi/Yuan, China

• Rupiah, Indonesia

• Yen, Japan

Match the name and the country this currency belongs to

• Baht, Thailand

• Pound sterling, Britain

• Renminbi/Yuan, China

• Rupiah, Indonesia

• Yen, Japan

Match the name and the country this currency belongs to

• Baht, Thailand

• Pound sterling, Britain

• Renminbi/Yuan, China

• Rupiah, Indonesia

• Yen, Japan