Grade 9 Checkpoint 1 Term 3

Swapping one good for another.

• money

• barter

• medium of exchange

• exchange rate

Money is a

• medium of exchange

• business

• budget

• sustainability

Aisha works in Saudi Arabia and is sending some money home to her parents.

What benefit of money is it?

• satisfy wants

• save for the future

• start a business

• help family

Ahmed has a coffee shop. He pays good salary to his workers.

His business is....

• ethical

• environmental

• NOT ethical

• sustainable

Fahad has a business and serves his food in plastic containers with plastic forks and spoons. He doesn't want to use recyclable containers.

What impact of financial decision is it?

• ethical

• sustainable

• environmental

Globalisation means that

• businesses and people all over the world are NOT connected

• businesses sell more products

• businesses set lower prices

• businesses and people all over the world are connectected

UAE government is working with other governments in GCC.

What type of globalisation is it?

• social

• political

• economic

Before buying a product on Amazon, people can read the reviews of other people online.

What impact of globalisation is it?

• political

• social

• economic

Latifa wants to go on holidays to Egypt. She bought the airplane tickets and books a hotel online.

Which effect of globalisation is it?

• easier to communicate with people abroad

• quicker and cheaper to travel

• may loose jobs if labour is cheaper abroad

• easy to buy products from other countries

Alia wants to open a beauty salon. She needs to borrow money.

What financial product should she choose?

• overdraft

• credit card

• mortgage

• bank loan