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History of Money Worksheet1

This document is a worksheet for Grade 7 Economic and Management Sciences focusing on the history of money, containing various types of questions including text input, true/false, fill in the blanks, and multiple choice. It covers topics such as the efficiency of trade, forms of money, and elements of promissory notes. The total score for the worksheet is 33 marks.

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Thalia Armstrong
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22 views3 pages

History of Money Worksheet1

This document is a worksheet for Grade 7 Economic and Management Sciences focusing on the history of money, containing various types of questions including text input, true/false, fill in the blanks, and multiple choice. It covers topics such as the efficiency of trade, forms of money, and elements of promissory notes. The total score for the worksheet is 33 marks.

Uploaded by

Thalia Armstrong
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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WorksheetCloud.

com - Question Sheet 1

Subject: Grade 7 Economic and Management Sciences Name:


Topic: History of money
Total: 33 Marks Date:

Question 1: Text Input 3 marks


…makes trade more efficient than barter because it provides a common unit of measure.

Answer with one word only.

Question 2: True/False 2 marks


In ancient civilisations, cattle were the first form of money.

TRUE FALSE

Question 3: Please Fill In The Blanks 4 marks


A promissory note is a note in which the (1) promises in writing to pay a sum of money to the (2) .

Possible Answers: payee | bank | payer | collector

1 2

Question 4: Text Input 3 marks


The charge for borrowing money is called ...

Answer with one word only.

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This image refers to question: 5

Question 5: Multiple Choice 4 marks


Study the image and identify the object that is shown.

A The image is a diary.


B The image is a promissory note.
C The image is a money order.
D The image is a bank cheque.

Question 6: True/False 2 marks


In a court of law an unsigned promissory note is valid.

TRUE FALSE

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Question 7: Text Input 3 marks
A written instruction to a bank ordering them to pay a certain sum of money to a specific person is called a
...

Answer with one word only.

Question 8: Multiple Choice 4 marks


Which of the following is not an element of a promissory note?

A The full names of the lender and borrower


B The addresses of the lender and borrower
C The dependents of the borrower and lender
D The amount of money being borrowed

Question 9: Multiple Choice 4 marks


Which of the following is not a disadvantage of bartering:

A There is no common measure of value.


B Certain goods cannot be divided into smaller units.
C Storing goods is difficult.
D Exploitation of natural resources prevailed.

Question 10: Multiple Choice 4 marks


The first form of money was:

A Coinage
B Paper currency
C Cowrie shells
D Leather

Total: 33 Marks

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