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Money Mastery Challenge (Nigeria Currency denominations))

Total questions: 14

Worksheet time: 23mins

Name
Class
Date
1.

What is Money?

a)

Money means an item of exchange

b)

educational instrument used to buy goods and services

c)

What people used to buy goods and services

d)

Cowries, salt, gold, bottles and beads

2.

When was Naira and Kobo officially introduced in Nigeria?

a)

1st of January 1973

b)

16th of January 1973

c)

1st of Aril 1973

d)

17th of July 1973

3.

Before money was introduced in Nigeria, How did Nigerians buy things from one another

a)

Cowries

b)

Salt

c)

cow skin

d)

Gold

e)

Shoes

4.

The Nigerian coins also called 'kobo'. Include the following

a)

₦1

b)

₦2

c)

₦3

d)

₦4

e)

50K

5.

The Nigerian bank Notes also called 'Paper Money'. Includes the following

a)

₦5

b)

₦200

c)

₦500

d)

₦100

e)

₦2

6.

Another word for Bargaining is ?

a)

Pricing

b)

buying wisely

c)

Price discussion

d)

Negote

7.

What currency is this called?

a)

US dollars

b)

Canadian dollars

c)

Australian dollars

d)

Kenyan dollars

8.

What is the sum of four 2-Naira coins. Write only your answer

(a)  

9.

The sum of the two coins above is ?

a)

₦2.50k

b)

₦250k

c)

2.50k

d)

₦2.50

10.

The sum of the coins above is ?

a)

₦3.50k

b)

₦3.50

c)

₦350k

11.

The sum of the coins above is ?

a)

₦5

b)

₦4.50k

c)

₦5.50k

d)

₦6.50k

12.

The sum of the coins above is ?

a)

₦4.50k

b)

₦5

c)

₦6

d)

₦5.50k

13.

I went to the supermarket with my mom to buy a captain marvel toy which cost 180. She took 200 out of her purse and gave to the cashier. What will her balance be?

(a)  

14.

Janet has 12.50k and Nosayamen has 13.50k. How much money do they have together?

(a)