Grade 7 EMS

Use computers and electronic technology

• Notes

• Electronic banking

• Bartering

• Modern societies

People living together in the current times in cities

• Traditional socities

• Modern societies

• Bartering

• Promissory notes

Promissory notes are...

• Made of different metals and chemicals called alloys

• Notes of agreement between two people to pay one anogher

• Signature of the Governor of the bank appears on it

• Located outside banks to transfer, draw or deposit money

Bartering refers to...

• Exchanging goods and services without using money

• Use computers and electronic technology

• Made of different different metals and chemicals called Alloys

• Largely self sufficient

This device is located outside banks to transfer money, withdraw or deposit money...

• Coins

• Traditional societies

• Notes

• ATM

Is this Traditional or Modern society? Type your answer

Is this Traditional or Modern society? Type your answer...

The following is not a function of money...

• Unit of value

• Medium of payment

• Encourages saving

• Bank notes are printed on a special paper

The following is a type of an internet banking

• Bartering

• Debit card

• Coins

• Bank notes

Explain what are needs? Type your answer

Answer explanation

Are things that you cannot live without