Quizizz on Money and Bartering

Quiz
•
English
•
6th Grade
•
Medium
+3
Standards-aligned
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
Tags
CCSS.7.RP.A.3
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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