Review quiz Grade 9 Term 3 Week 2

Which best describes globalization.

• Globalisation is the process of integration, between people governments and businesses worldwide.

• Globalisation is the process businesses worldwide.

• Globalisation is the process people governments worldwide.

• Globalisation is the process of integration.

Which is NOT a type of globalization studied

• Social

• Economic

• Political

• Religious

Do the following affect the individual, business or both?

1.Globalisation makes it easier to gain employment abroad.

• Business

• Individual

• Both

1. Globalisation leads to access to cheaper raw materials.

• Business

• Individual

• Both

1.Globalisation means that is easy to communicate with people abroad.

• Business

• Individual

• Both

Which of the following is NOT a function of money.

• Increasing Wealth

• Increasing debt

• Assigning prices

• Delaying payments

All goods and _______ in an economy are measured in terms of money.

• service

• services

• server

• serve

Wealth is a large amount of money that a person has made.

• True

• False

A medium of exchange is something that is used to pay for goods or services- for example,

• Debt

• Credit card

• IOU

Which is NOT a benefit of money.

• satisfy our wants.

• start and grow a business.

• prepare for the future.

• Getting into debt