1 - Introduction to banking & money

1 - Introduction to banking & money

9th - 10th Grade

24 Qs

quiz-placeholder

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1 - Introduction to banking & money

1 - Introduction to banking & money

Assessment

Quiz

Other

9th - 10th Grade

Medium

Created by

K McCall

Used 35+ times

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24 questions

Show all answers

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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