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Trade and Market

Authored by Bianca Jones

Social Studies

4th Grade

Used 6+ times

Trade and Market
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40 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of currency?

A type of trade that doesn’t use money

A country’s money

The amount of goods available for purchase

A new invention

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of bartering?

Paying for groceries with a credit card

Trading a book for a toy with a friend

Using a dollar bill to buy a snack

Depositing money in the bank

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens when inflation occurs?

Prices of goods and services go up

Prices stay the same

Prices go down

There is no effect on money

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a business need to make a profit?

Sell products for less than they cost to make

Sell products at a higher price than the cost to make them

Give away products for free

Not sell anything

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Income is the money earned from:

Doing a job or providing a service

Borrowing from the bank

Trading items

Giving away money

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens when supply is high but demand is low?

Prices go up

Prices go down

Prices stay the same

Businesses stop selling products

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If more people want to buy a product, what happens to demand?

It increases

It decreases

It stays the same

It disappears

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