Finance Unbox-ED ($) - Grade 3-5 - Session 012 - Assessment 1

Select all the statements that are true

• Goods are things we can take home
• Services are things we can take home
• Services are things we can touch and feel
• Services are provided over a period of time

Services are things we can return back

• True
• False

What is a Taxi Ride?

• Goods
• Services
• Goods and Services
• None of the above

Restaurants provide both goods and services

• True
• False

Money is used to purchase

• Only Goods
• Only Services
• Goods and Services
• None of the above

Yen is the currency of which country

• China
• England
• Germany
• Japan

Select the most used currency in the world

• US Dollar
• Indian Rupee
• EU Euro
• Japanese Yen

What was the Barter System

• Exchange of goods and services
• Purchase of goods using money
• Purchase of services using money
• All of the above

Barter System sometimes involved the use of money

• True
• False

Double Coincidence was one of the problems with the Barter System

• True
• False