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SOCIAL STUDIES_YEAR 4_2nd TERM (MONEY AND FUNCTIONS) | Quizalize

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SOCIAL STUDIES_YEAR 4_2nd TERM (MONEY AND FUNCTIONS)

Quiz by Teacher Jhoms

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Q 1/20
Score 0
first people to introduce the use of gold and silver coins
10
NOMADS
NABATEANS
LYDIANS
JORDANIANS
Q 2/20
Score 0
Metals were used as money for at least
10
5 000 YEARS AGO
4 000 YEARS AGO
6 000 YEARS AGO
3 000 YEARS AGO

20 questions

Q.

first people to introduce the use of gold and silver coins

1

10 sec

Q.

Metals were used as money for at least

2

10 sec

Q.

a process of directly exchanging one good or service for another

3

10 sec

Q.

refers to an item of value owned

4

10 sec

Q.

A coined metal or paper money upon which a government has impressed its stamp to designate its value is called

5

10 sec

Q.

is anything that is generally accepted as payment for goods and services

6

10 sec

Q.

Gold and silver coins were used around

7

10 sec

Q.

the act of buying and selling goods and services

8

10 sec

Q.

Nowadays, money is called currency is not backed up by gold or silver which is called

9

10 sec

Q.

Which of the following is NOT a functions of money?

10

10 sec

Q.

Money is a standard of payment.

11

10 sec

Q.

Which statement is CORRECT about currency?

12

10 sec

Q.

Which of the following describes MONEY?

13

10 sec

Q.

money promotes economic efficiency

14

10 sec

Q.

using money reduces the cost of collecting price

15

10 sec

Q.

it can quickly be exchanged for goods and services

16

10 sec

Q.

buyers and sellers are no need to barter one good for another

17

10 sec

Q.

no need to trade anything you have for another thing you want to purchase

18

10 sec

Q.

money makes trade simpler

19

10 sec

Q.

with money, markets determines the prices of goods and services

20

10 sec

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