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WorksheetsWhat is money and sources of income
Total questions: 20
Worksheet time: 10mins
What did people do before money?
Barter
Knit their own
Rob a bank
Use pebbles
What is the disadvantage of bartering?
both people are always happy with the exchange
both people live in the same village
both people need to have exactly what the other wanted
if there are more than two people it doesn't work
What do we use as money?
Beads and feathers
Coins and banknotes
Pebbles and sheep
Top trump cards
What is NOT a feature of money?
recognised by everyone
accepted as payment
easy to carry
It is not accepted as legal tender
available in different amounts or ‘denominations’
How do we know money is genuine?
It is silver
It is gold
It is recognisable
It is made from nickel
Coins are made from
silver
a combination of metals
gold
copper
Banknotes are made from special paper or a type of plastic called polymer
False
True
The money we store in places like banks is held electronically
True
False
We can check how much money is in our bank account internet banking or an automatic teller machine (ATM)
True
False
To deposit money into your bank account is called a
debit
credit
These are paid weekly
Salary
Wages
Which one is NOT an official source of money?
Gambling
Pension or job
Investment or inheritance
Government benefit
What age can a child start work?
any age
13 years old
14 years old
How many hours a week can your employer ask you to work?
16
28
84
48
Who is the Minimum Wage for?
Under 16s
16-24 year olds
Over 25s
If you earn £25,000 per annum you are on a
Wage
Salary
Zero hours contract
Self employed
How can you receive money from a property investment?
Rates
Rats
Rent
Dividends
A 12 year old can do a paper round for 3 hours a day, true or false?
True
False
If you lose your job you can claim
Inheritance
Investment
Government benefit
Retirement pension
The National Living Wage is for
Over 65s
Over 25s
16-24 year olds
Under 16 child actors
