WorksheetsFunctions of Money
Total questions: 10
Worksheet time: 5mins
Which of these is NOT one of the functions of money?
Store of value
Exchange for goods and services
Legal tender
Illegal tender
Which of these is a disadvantage of the bartering system?
Relies on supply and demand in the same place.
No set value of assets
Unable to store value of assets over time
All of the other answers
Which of these is (on average) the MOST expensive life event?
Wedding
Raising a child from birth to 18
Buying a house in the UK
Funeral
Which of these was NOT one of the six influences on our attitudes to spending?
Life stages
Culture
External Influences
Current bank balance
Which of these would be an example of an external influence?
Social media influencer
Personal beliefs
Culture
Life stage
Which of these is a key difference between personal and business finance?
Individual vs Collective responsibility for finances
Financal products
Online banking
Income and expenditure
Which of these is a similarity between personal and business finance?
Tax rates
Some financial products
The way that transactions are recorded
Having to register with companies house
When were the first metal coins produced?
Around 500 AD
Around 1200 AD
Around 300 BC
Around 1900 AD
Which of these is an advantage of paper notes over ancient coins?
They weigh less so easier to carry
More consistency (e.g, the notes look the same)
Harder to forge
All of the other answers
Why was it difficult to store value (save) prior to currency being invented?
Assets eroded, died or were in some other way destroyed over time.
No storage was available
People couldn't count
Cows kept running away.
