USBORNE MONEY FOR BEGINNERS

True or False? Money has only one use - buying things.

• True

• False. It has other uses, too.

True or False? You can use not only money but also other things to buy what you want.

• True

• False

What does 'bartering' mean?

• Buying something with your money.

• Buying something with things you have.

• Buying things without your money

You have 5 books. You want to trade with your friend for his candy package. And you also have US$3 and are ready to give him. Which do you think he prefers?

• 5 books

• US$3

What is a medium of exchange?

• When people use their things to buy things and trade with each other.

• When a seller sells something for free.

• When you save your money.

• When people use their money to buy things and trade with each other.

Besides buying things with money, what are the other ways to use it?

• Steal it

• Save it to use at a later date.

• Collect it until you have more.

What is a store of value?

• You do not use your money immediately.

• You do not save your money.

• You measure value of things.

What is a unit of account?

• Saving money

• Using money to measure value.

• Investing money

• Exchanging money

What is a way of measuring value?

• Buying gold to save.

• Trade some apples for a watermelon.

• Comparing 2 TVs, then buying the cheaper one and one more stereo.

How many primary methods of money transfer are there?

• 6

• 7

• 8

• 9