6th Grade Business and Economics Quiz

True or False: Bartering means exchanging goods and services without using money.

• True

• False

In ancient bartering, people traded items they had for items they (a)   .

Which of the following is an example of bartering?

• Buying a book with money

• Trading a toy for a game

• Receiving a gift

• Getting paid for work

True or False: Bartering can still happen today.

• True

• False

Which of the following items was not used as money in ancient times?

• Shells

• Salt

• Water

• Coins

People began using coins as money because they were (a)   and easy to carry.

True or False: People used cattle, salt, and shells as forms of money in early times.

• True

• False

The invention of paper money helped make trade (a)   and easier to manage.

What is an entrepreneur?

• A person who goes to school

• A person who starts and runs a business

• A person who works for someone else

• A person who only invests money

True or False: Entrepreneurs are responsible for managing risks in their businesses.

• True

• False