How can we pay for things? | Starter Quiz | Oak National Academy

What was the first version of currency used in China?

• Coins

• Cowry Shells

• Fruit

• Sea Shells

What phrase on a bank note refers to the "Gold Standard"?

• “I promise to gift the bearer on demand the sum of…”

• “I promise to never pay the bearer on demand the sum of…”

• “I promise to pay the bearer on demand the amount of…”

• “I promise to pay the bearer on demand the sum of…”

What is a Jam-Jar account?

• A budgeting account which allowed you to split your money up.

• A jam jar at home to store your money in

• A place where you can choose from different jars

What is an investment?

• When you pay for something to gain ownership of it.

• Where you lend money to other people.

• Where you put money into something looking to gain a ‘return’ (more money).

What is financial responsibility?

• Choosing a good bank account.

• Giving your money to other people to help them.

• Saving all your money.

• The process of managing money in the best interest of those involved.