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WorksheetsTopic 1a What is money?
Total questions: 10
Worksheet time: 9mins
What is the best definition of money?
Anything generally accepted as payment for goods and services.
Just the cash in your wallet as payment for goods and services.
Precious stones or feathers that you can exchange for goods and services
Your debit card that you use contactless for the exchange of goods and services.
Which of the following are features of money?
Recognised by everyone.
Accepted as payment and always worth the same amount.
Easy to carry around.
Available in different amounts.
Hardwearing
Whose head features on the back of our coins?
The monarch
Boris Johnson
Alan Turing
Florence Nightingale
What did people do before money?
Bartering
Bar-tending
Berating
Bothering
Where can you store your money electronically?
Banks
Building societies
Under your mattress
In your wallet
How many denominations of coins do we have?
8
7
9
10
How many denominations of bank notes do we have?
4
5
6
7
Why do we not carry all our money around with us?
(a)
What does ATM stand for?
Automatic Teller Machine
Automatic Telling Machine
Automatic Transfer Machine
Automatic Trust Machine
Why was bartering difficult? What problems did it cause? What happened in the bartering game you did in class?
