CTMC BOOTCAMP - CHAPTER ONE - Understanding Money

What is the currency of Nigeria?

• Dollar ($)

• Pound (£)

• Euro (€)

• Naira (₦)

What is digital money?

• Digital money is a physical currency used in banks.

• Digital money is like magic money stored inside a card, used for transactions via POS or ATM.

• Digital money is a type of cryptocurrency that is not regulated.

• Digital money is a form of barter system used in online trading.

What is the currency of South Korea?

• South Korean Won (₩)

• Yen (¥)

• Dollar ($)

• Euro (€)

What is money?

• Money is a type of currency used to buy goods and services.

• Money is a special kind of paper or coins that people use to get what they need.

• Money is a digital form of currency that exists only online.

• Money is a form of barter that involves trading goods directly.

What is the currency of the United Kingdom?

• Dollars ($)

• Euros (€)

• Pounds (£)

• Yen (¥)

What is trade by barter?

• Exchanging goods or services directly without using money, like trading a toy for a dress.

• Buying goods with money and selling them for a profit.

• A method of trading that involves using digital currencies.

• A system where goods are exchanged for other goods without any value assessment.

What is the currency of Brazil?

• Brazilian Real (R$)

• Argentine Peso (ARS)

• Chilean Peso (CLP)

• Colombian Peso (COP)

What is currency?

• Currency is a form of digital payment used globally.

• Currency is the type of money used in a particular country.

• Currency refers to the value of goods and services.

• Currency is a system of trade without money.

What is the currency of India?

• Indian Rupee (₹)

• Dollar ($)

• Euro (€)

• Pound (£)

What is the problem with using shells, beads, and rocks as money?

• They were too colorful and easily lost.

• They were heavy to carry around, leading to the development of paper and digital money.

• They were not accepted by all cultures.

• They had no intrinsic value.