G3 - G4 FL9

Money is a medium of exchange.

• True

• False

Money can be given as loan.

• True

• False

Sam wanted to get some coconuts, he went to Aliya and offered a bag of rice in exchange for coconuts. What is this system of exchange called?

• Service system

• Barter system

• Open system

Who first invented paper money?

• India

• China

• Russia

_______ is an example of plastic money.

• Rs. 5 coin

• Debit card

• Rs. 100 note

_______ is service.

• Car repair

• Vedio game

• Candy

When demand is more than supply, price _______.

• increases

• decreases

Expenses have a _______ effect on your wallet.

• negative

• positive

We cannot survive without fulfilling our wants.

• True

• False

Process of Purchase Decision Making includes which of the following step?

• Selecting the costliest item

• Identify the need

• Buy whatever the salesmen recommends