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Evolution of Money

Total questions: 22

Worksheet time: 6hrs 30mins

Name
Class
Date
1.

Which is the newest type of money that is used in the world today?

a)

Bartering

b)

Coins

c)

Cryptocurrencies

d)

Debit and Credit cards

2.

What is a medium of exchange?

a)

A method of trading

b)

medium sized money

c)

Bartering

d)

Changing currencies

3.

ًWhat does ethics mean?

a)

Not caring about anything

b)

Being good, doing good things and causing no harm

c)

Making sure you make money for yourself only

d)

Doing good things for yourself only and not caring about others

4.

Value means how much something is worth

a)

True

b)

False

5.

What does trade-off mean?

a)

The voluntary exchange of goods and/or services for money or an equivalent good or service.

b)

Failing to come to an agreement

6.

Which word describes 'the ability to be maintained at a certain rate or level'

a)

short lasting

b)

sustainability

c)

unsustainable

7.

What is this?

a)

Paper money

b)

Bartering

c)

Credit Card

d)

Coins

8.

What is this?

a)

bartering

b)

coins

c)

cryptocurrency

d)

debit card

9.

What is this?

a)

Debit and credit cards

b)

Paper money

c)

Coins

d)

none of the above

10.

What is this?

a)

Coins

b)

Paper money

c)

Cryptocurrencies

11.

What is this?

a)

Mobile payment

b)

Cryptocurrency

c)

Paper money

d)

Coins

12.

What is this?

a)

Coins

b)

Crypto currencies

c)

Paper money

d)

none of the above

13.

Bartering is trading goods or services with someone, it was used before money was invented

a)

True

b)

False

14.

Bitcoin is a cryptocurrency

a)

True

b)

False

15.

Cryptocurrency is virtual money, you cannot touch it

a)

True

b)

Fase

16.

In which year was the first credit card made and used?

a)

1966

b)

1913

c)

1950

d)

2020

17.

What is the currency of the United Kingdom?

a)

Pounds

b)

Dollars

c)

Dirham

d)

Yen

18.

Credit and/or debit card is

a)

using paper to trade

b)

using a card to trade electronically

c)

using your phone or watch to pay

d)

using coins to buy karak

19.

paper money is

a)

using paper to trade

b)

using a card to trade electronically

c)

using your phone or watch to pay

d)

using coins to buy karak

20.

What do you use to buy chai?

a)

using paper to trade

b)

using a card to trade electronically

c)

using your phone or watch to pay

d)

using coins to buy karak

21.

If you are using Apple or Samsung pay this is when you are

a)

using paper to trade

b)

using a card to trade electronically

c)

using your phone or watch to pay

d)

using coins to buy karak

22.

Trading with cash is

a)

using paper to trade

b)

using a card to trade electronically

c)

using your phone or watch to pay

d)

using coins to buy karak