Grade 9 - Checkpoint 2 revision - Term 3

Money is

• external and internal

• swapping one product for another

• a medium of exchange

Which financial product is offered by the UAE government and is low risk?

• gold

• National Bonds

• certificates of deposit

• sukuks

Which investment product can be sold anywhere in the world?

• National Bonds

• gold

• shares

• certificates of deposit

Ahmed took a mortgage. Can he buy a car using this money?

• Yes, mortgage can be used to buy anything

• No, mortgage can be used only to buy land or property

Globalisation is when people, governments and businesses are becoming

• more connected

• less connected

Latifa found a job in Saudi Arabia. What effect of globalisation is it?

• easy to buy products from other countries

• easy to travel

• easy to find employment

• easy to communicate with people from other countries

A plan of future income and spending

• balance

• cash flow

• budget

• profit

Aisha is putting away 50 AED every month, because she wants to buy a mobile phone in 6 months.

• spending

• borrowing

• saving

• investing

Latifa bought shares and now she will receive dividends every months.

• saving

• borrowing

• investing

• spending

Hamda is using an overdraft, her balance is negative when she is using the bank's money.

• saving

• investing

• borrowing

• spending