Usborne Money for beginner

What is fiat money?

• E-money

• Money being deemed valuable by the government.

• Physical money

What is central bank?

• a separate organization responsible for money

• a factory which produces banknotes

• a place where you can invest money

You can take a picture of a banknote and use it for trading. Yes or No?

• Yes

• No

If everybody could create unlimited amounts of money, what would happen?

• money would lose all value

• people wouldn't need money from each other

• people wouldn't exchange money for things

• people would become rich

When is money in demand?

• You can use potatoes to exchange for carrots.

• One dollar to share between some people.

intricate patterns

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hidden designs

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raised print

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ridges

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What does counterfeit mean?

• Fake

• real

• made to look like the original of something