6th Grade Economy | Baamboozle - Baamboozle | The Most Fun Classroom Games!

English 40 Public

All about economy

Study Slideshow

What was one issue with exchanging goods?

goods could lose value/ animals could get old or die/cereals could spoil

15

What was the first form of money?

animals skins/salt/shells

15

What place/modern day counry did the first coins appear in?

The Kingdom of Lydia (modern day Turkey)

15

What were the first coins made of?

Gold and silver

15

What does the word "flourish" mean?

develop quickly

15

Why was the systems of coins not perfect?

They were very heavy to carry and people often stole them

20

Where did people put their coins?

Into a bank

15

What does "deposit" mean?

put something somewhere for safe keeping, (deposit money into a bank)

25

In exchange for coins, what did banks give people?

receipts in the form of a piece of paper

25

In what age did the bank notes first appear?

Modern Age

25

What money do we use in present day?

Flat money

25

Who determines how much coins and banknotes are worth?

Governments

10

What is an example of money in the future?

plastic money(credit cards)/online shopping

10

What is it called when you deposit money and use it later?

saving

25

What are the three types of consumer expenses?

fixed, variable and unexpected

25

True/False: Fixed expenses are different every month.

False/ They are the SAME every month

10