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Social studies 2nd month exam

Last updated over 5 years ago

15 Nsɛmmisa

Fill in blanks with the correct word 🙌

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Asemmisa {{asɛmmisaAhyɛnsode}}

1.

Long ago people used ………………….. which is the process of directly exchanging one good or service for another.

Asemmisa {{asɛmmisaAhyɛnsode}}

2.

The ……………….. were the first people to introduce the use of gold and silver coins around 650-600 B.C .

Asemmisa {{asɛmmisaAhyɛnsode}}

3.

Goldsmiths used to charge a ......... for their services.

Asemmisa {{asɛmmisaAhyɛnsode}}

4.

………………….. currency: however is a new invention that first appeared about 300 years ago.

Asemmisa {{asɛmmisaAhyɛnsode}}

5.

The payment systems used in e-commerce on the internet is known as …………………… money.

Asemmisa {{asɛmmisaAhyɛnsode}}

6.

Money that has value based on the material from which it is made is known as …………………. Money.

Asemmisa {{asɛmmisaAhyɛnsode}}

7.

In 1407,the first state deposit bank was founded in Genoa, ............

Asemmisa {{asɛmmisaAhyɛnsode}}

8.

The first bank notes were used in ........... in the 7th century.

Asemmisa {{asɛmmisaAhyɛnsode}}

9.

Mention 3 uses of the ATM.

Asemmisa {{asɛmmisaAhyɛnsode}}

10.

Why did people use gold notes instead of money ?

Asemmisa {{asɛmmisaAhyɛnsode}}

11.

What is an asset ? Give an example

Asemmisa {{asɛmmisaAhyɛnsode}}

12.

The wealthy deposited their gold with goldsmiths because they were the target of the thieves.

Nokorɛ

Ɛnyɛ ampa

Asemmisa {{asɛmmisaAhyɛnsode}}

13.

The act of buying and selling goods and services is called bartering. 🙈

Nokorɛ

Ɛnyɛ ampa

Asemmisa {{asɛmmisaAhyɛnsode}}

14.

Salt is an example of commodity money.

Nokorɛ

Ɛnyɛ ampa

Asemmisa {{asɛmmisaAhyɛnsode}}

15.

Match each type of money with the right picture 😄

Commodity money
Fiat money
Electronic money