Trade and Markets

What is a currency?

• It's the complex of current events during a period of time.

• It's a different name for the US dollar.

• It's the type of money used in a particular place.

• It's the money a business earns.

What is the currency of the United States?

• Canadian dollar.

• US dollar.

• Euro

• Sterling

What is the Euro?

• It's a European Union citizen.

• It's the currency of most European Union countries such as Spain, France, Italy and Germany.

• It's the currency of Italy alone. In other countries you still use the Frank, the Mark or the Peseta.

• It's the currency of the United Kingdom.

Explain what is barter.

Inflation occurs when

• people earn more money.

• prices rise constantly over a period of time.

• prices fall over a period of time.

• ,over a period of time, prices stay the same.

Inflation means that

• you can buy fewer products with the same amount of money.

• you can always buy the same amount of products with the same amount of money.

• you can buy more more products with the same amount of money.

• wages increase as fast as prices increase.

A profit is the money

• a business earns after it sells its products.

• a business has left after it hs paid for all of its expenses.

• you pay for a special dessert made of chocolate balls filled with cream.

• a worker earns.

The main purpose of a business is to

• pay workers well.

• pay workers as little money as they can.

• make beautiful products.

• make a profit.

The income is

• the profit a business makes over a period of time.

• someone who just came in.

• the price of a business's product.

• the taxes a business pays.

Say if the next question is either true or false.

Businesses are always succesfull.

• True

• False

• Neither true nor false.