9-Gen-T-3 Revision

Which of the following is not a form of electronic payment?

• Credit cards

• cash

•   Cryptocurrency.

A medium of exchange is ___________________

• used to pay for goods or service

• market where goods are sold

• a buyer

A function of money is to ___________________

• assign prices

• reduce wealth

• delay payments

Money allows us to ___________________

• buy things we need to survive

• be healthy

• be a good leader

A trade-off of a decision is ___________________

• when a business gives a customer a discount

• what a person barters for something else

• what a person gives up when they make a choice

Which of the following statements is true?

• To take care of the planet it may be necessary to increase profit

• To take care of the planet it may be necessary to increase production.

• To take care of the planet it may be necessary to lose some profit.

Sustainable businesses should ___________________

• use child labour in factories

• contaminate local water supplies

• pay workers a fair wage

Businesses could become more sustainable by _________________

• recycling less

• increasing packaging

• using renewable energy

The US currency is the ___________________ .

• dinar

• dollar

• dirham

When a currency appreciates its value ___________________

• increases

• decreases

• remains the same