Quizizz on Money and Bartering

Quizizz on Money and Bartering

6th Grade

20 Qs

quiz-placeholder

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Quizizz on Money and Bartering

Quizizz on Money and Bartering

Assessment

Quiz

English

6th Grade

Medium

Created by

Lucinda Roberts

Used 24+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the main problem with the barter system?

Double coincidence of wants was required

It was too simple to use

People didn't like trading goods

It used too many resources

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is NOT a form of money used throughout history?

Salt

Digital currency

Plastic cards

Seashells

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary advantage of using currency over bartering?

It's more colorful

It serves as a standard medium of exchange

It's easier to carry

It never loses value

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a loan?

A gift of money that doesn't need to be repaid

Money borrowed that must be repaid with interest

A type of bank account

A form of bartering

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is interest?

A type of bank account

The total amount of money borrowed

Extra money paid for borrowing

A form of withdrawal

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens during inflation?

Prices generally decrease

Money becomes more valuable

Banks close down

Money loses value over time

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A withdrawal is when you:

Add money to your account

 Close your account

Take money out of your account

Open a new account

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