1 - Introduction to banking & money
9th - 10th Grade
•24 Qs
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1 - Introduction to banking & money
Quiz
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Other
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9th - 10th Grade
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Practice Problem
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K McCall
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24 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Before the idea of money, goods and services were traded for one another. This was known as...
Barter
Exchange
Redeem
Offload
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The earliest known coins date from around...
650 BC
250 BC
1200 AD
1500 AD
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Choose all the statements that are TRUE with regards to barter...
Good for small economy with limited goods
Difficult if goods cannot be divided up
Relies on buyer and seller agreeing value
Prices of goods are set by a third party
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Why is money a better method of exchange than barter?
Fixed value
Easily portable
Easily divisible
Retains value over time
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A bank account has become necessary in modern life.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The main source of money for a 10 year old will probably be...
Income
Pension
Pocket Money
Gambling
Benefits
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The main source of money for a working adult will probably be...
Income
Pension
Pocket Money
Gambling
Benefits
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