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WorksheetsReview Term 3
Total questions: 16
Worksheet time: 5mins
Something that is used to pay for goods or services
barter
money
inventory
People use money to
save for the future
buy money
measure the value of something
be poor
Before people didn't use money, they exchanged one product for another without money. This system was called
(a)
A plastic card that is linked to your account, when you use it the money is taken from your account balance.
credit card
cryptocurrency
debit card
electronic money
A plastic card that is linked to your account and you can buy things on credit (buy now, pay later)
debit card
cryptocurrency
credit card
electronic money
Digital money that works as medium of exchange and is not controlled by any government.
cash
debit card
electronic money
cryptocurrencies
Which one is NOT one of the functions of money?
assigning prices
medium of exchange
decreasing wealth
increasing wealth
How people, governments and businesses in different countries all over the world are becoming more closely connected
(a)
Which one is NOT a type of globalisation?
social
environmental
economic
political
Bank notes and coins of a country.
cash
exchange rate
capital
currency
One currency is terms of another
exchange rate
balance
cash flow
total amount of cash
When a business cares about the planet
ethical
environmentally friendly
efficient
international
Sara has 10 AED, she would like to exchange her money for Saudi Riyals. The exchange rate is AED/SAR 1.02. How many Saudi Riyals will Sara receive?
10
102
1.02
10.2
A plan of income and spending
cash flow
balance
budget
money left over
A prediction of future inflows and outflows
budget
balance
cash outflow
cash flow forecast
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