WorksheetsM&M L1.1 Act 2: Origins of Money
Total questions: 10
Worksheet time: 5mins
1. Before money was invented, people used a different process to exchange goods and services. What is this system of trading called?
A. Free trade
B. Share trading
C. Barter
D. K Mart
2. Which country invented the first paper currency in 800 A.D.?
A. US
B. England
C. Spain
D. China
3. Which of the following is the oldest form of ‘money’?
A. Rice, wheat and cowrie shells
B. Knives and spades
C. Cows, sheep, camels and other livestock
D. All of the above
4. The ringgit is issued by
A. Bank Negara Malaysia
B. Putrajaya
C. Bank Simpanan Nasional
D. Citibank
5. The first series of sen coins in Malaysia were introduced in 1967 in denominations of 1 sen, 5 sen, 10sen, 20 sen, 50sen.
A. True
B. False
6. A ringgit is divided into 100 sen.
A. True
B. False
7. Currencies are often identified by symbols. What is the symbol used by the British pound?
A. $
B. £
C. ¥
D. €
8. Today, monetary transfers are carried out efficiently by computers. What is cash that is exchanged in this way called?
A. Ready cash
B. Bank cash
C. Digital cash
D. Exchange cash
9. What image is featured on the back of a Malaysian ten ringgit note?
A. Rafflesias
B. Turtles
C. The Petronas Twin Towers
D. The Wau Bulan
10. The Malay names ringgit and sen were officially adopted as the sole official names of the Malaysian currency in
A. June 1967
B. November 1967
C. August 1975
D. September 1998
