G1 SS Ch5 L2-L3 Quiz

What is trade?

• Giving something to get something else

• Keeping everything for yourself

• Buying things without paying

• Selling things without getting anything in return

What do people use to buy things today?

• Coins or paper bills

• Trading food

• Giving away tools

• Sharing books

Why do people trade?

• To get what they want or need

• To keep everything they have

• To give away things for free

• To avoid using money

Which of the following was used as one of the earliest forms of money?

• Paper

• Salt

• Coins

• Credit cards

What is one item that people traded in the past as money?

• Plastic

• Beads

• Metal

• Digital currency

What is the first step in the trading game?

• Go back to your seat

• Talk to others and trade

• Calculate the total cost

• Find the winner

What do you do after going back to your seat in the trading game?

• Talk to others

• Find the winner

• Calculate the total cost of your items

• Start a new game

Who is the winner in the trading game?

• The person with the lowest number

• The person who trades the most

• The person with the highest number

• The person who finishes first

Why do communities have banks?

• To keep money safe.

• To make friends.

• To play games.

• To grow food.

Why do people save money?

• To plan for the future.

• To buy candy.

• To go on vacation.

• To watch TV.