Economics Quiz

Economics Quiz

Assessment

Quiz

Financial Education

7th Grade

Hard

Created by

Zurika Mackenzie

FREE Resource

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the study of money and its history called?

Infrastructure

Bartering

Numismatics

Labour

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term refers to moving from one place to another without a permanent residence?

Face value

Nomadic

Producer

Savings

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the value printed on a coin or bank note known as?

Liabilities

Service

Promissory note

Face value

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term describes a written and signed document between two parties stating how and when to pay back an amount owed?

Capital

Goods

Bartering

Promissory note

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are things our survival depends on known as?

Goods

Labour

Wants

Needs

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term refers to things we can see and touch?

Consumer

Budget

Service

Goods

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who buys the goods and services from the producer to satisfy needs and wants?

Consumer

Income

Asset

Profit