G9 Term 3 Checkpoint 1 Review Quiz

Sustainability means balancing the needs of ______, _______, _____.

• people, planet and profit

• profit, person and product

• product, planet and political

People are more connected all over the world through technology and transport. This is called _____.

• population

• globalisation

• location

Businesses can trade with other businesses from all over the world. What type of globalisation is this an example of?

• social globalisation

• political globalisation

• economic globalisation

Money, credit card and Bitcoin can be used as _______.

• assigning prices

• delay payment

• medium of exchange

Salama is travelling to Italy. In January the exchange rate is 0.20, February 0.25 and March it is 0.15. When will she get the best value?

• January

• February

• March

In January the exchange rate for AED/ OMR is 0.35, February 0.40 and March it is 0.15. When is there the most depreciation in value?

• January

• February

• March

What is the definition of exchange rate?

• the rate at which the number of people is growing

• the rate at which a country exports its goods

• the rate at which one country's currency is expressed over another

Assigning prices means ______.

• setting the price for goods and services

• paying later with a credit card

• using an item to pay for goods and services

Fatima is going to Turkey with 12,000 Dirhams. Calculate the exchange rate if 1 AED/ 8.78 TRY.

• 10,536.00 TRY

• 10,536.00 AED

• 105,360.00 TRY

• 105,360.00AED

What is the definition of bartering?

• exchanging goods and services of the same value

• paying cash for goods and services

• delay payments of good at a later time