Intro to EMS

What does EMS stand for?

• Emergency Services

• Economics Must Stand

• Economics and Management Scienes

• Economics and Mathematics Sciences

Traditional societies are run according to tribal systems. The ruler of these tribal systems are the ___?

• Principal

• Chief

• President

• No one

In traditional societies people are self-sufficient. This means that they ___?

• don't worry about people.

• are selfish.

• grow their own livestock and crops.

• lived how they wanted to.

The process where people trade goods or services for other goods or services without using money is known as

When we use Uber to travel from one place to another, we pay them for their ___ .

• goods
• money
• service
• cars

In the old days when people borrowed money from each other, they would write out a ___ note.

• promissory

• doctor's

• music

• R50

If Jack borrowed money from Rose and he must pay her back monthly, then Jack is known as the___.

If Rose lends money to Jack, she is known as the ___.

The extra amount of money that you pay back with the total amount of money you borrowed from the bank is known as ___?

History of money - After they had a lot of problems with bartering due to value of items, people started to make use of ___ first?

• coins

• notes

• ATM's

• cowry shells