Class 9 Exam > Class 9 Notes > Introduction to Financial Markets for Class 9 > Chapter Based Questions: Money- what it is ?
Chapter Based Questions: Money- what it is ? | Introduction to Financial Markets for Class 9 PDF Download
Q.1. Choose the correct answer.
(i) Exchange of commodity for another is called__________.
(a) Exchange system
(b) Barter system
(c) Symbolic value system
Correct Answer is Option (b)
(ii) Paper money was invented in __________
(a) China
(b) India
(c) America
Correct Answer is Option (a)
(iii) Metal Coins were invented by_________
(a) Indians
(b) Chinese
(c) Lydians
Correct Answer is Option (c)
(iv) In ancient times metal coins were made of ________
(a) Precious metals
(b) Inexpensive metals
(c) Leather
Correct Answer is Option (a)
(v) Which of the following term describes money?
(a) Real value
(b) Goods and services
(c) Medium of exchange
Correct Answer is Option (c)
Q.2. Fill in the blanks.
(i) _________is a symbol that represents the value of goods and services.
(ii) _________was used as money in early societies in Europe.
(iii) Ox - Shaped bars of copper was used as money in the __________ eastern Mediterranean.
(iv) People began exchanging items that had no real value, but had only________ value.
(v) The process of stamping of pictures on metals is known as ___________.
(vi) The first bank in Europe to issue printed money is ______________ .
(i) Money
(ii) Salt
(iii) Eastern
(iv) Symbolic
(v) Minting
(vi) Swedish Bank
Q.3. Match the following.
(i) Norwegians - Bronze in the shape of tools and shells.
(ii) People of Paraguay - Precious metal
(iii) Symbolic currency used in America - Butter
(iv) Ancient Egyptian currency - Wampum
(v) Ancient Chinese coins - Snails
(i) Norwegians - Butter
(ii) People of Paraguay - Snails
(iii) Symbolic currency used in America - Wampum
(iv) Ancient Egyptian currency - Precious Metal
(v) Ancient Chinese coins - Bronze in shape of tools and shells.
Q.4. Re - order the following terms according to their order of existence.
(i) Bank notes
(ii) Barter system
(iii) Coins
(iv) Paper money
(i) Barter System
(ii) Coins
(iii) Paper Money
(iv) Bank Notes
Q.5. Crossword Puzzle
Down:
- Chinese used this metal to make coins in earlier times
- Symbolic currency used earlier in America
- Paper currency was first used in this country.
Across (right to left):
- Exchange of commodities for another is known as.
- Symbol that represents goods and services
- Cowrie shells are found on an island off the coast of this country.
- Stamping pictures on metals.
- Crops used as money.
Down
- Bronze
- Wampum
- China
Across
- Barter
- Money
- India
- Minting
- Rice
The document Chapter Based Questions: Money- what it is ? | Introduction to Financial Markets for Class 9 is a part of the Class 9 Course Introduction to Financial Markets for Class 9.
All you need of Class 9 at this link: Class 9
|
26 videos|33 docs
|
FAQs on Chapter Based Questions: Money- what it is ? - Introduction to Financial Markets for Class 9
| 1. What is money and why is it important? |  |
Ans. Money is a medium of exchange that is widely accepted as payment for goods, services, and debts. It serves as a measure of value and facilitates economic transactions. Money is important because it allows individuals to trade for the things they need and want, encourages economic growth and development, and helps in the allocation of resources.
| 2. What are the different forms of money? | |
Ans. Money can exist in various forms, including physical forms like coins and banknotes, as well as digital forms like electronic transfers and online payments. Some other forms of money include checks, prepaid cards, and cryptocurrencies like Bitcoin.
| 3. How is money created? | |
Ans. Money is created through a process called fractional reserve banking. When banks receive deposits from customers, they are required to keep only a fraction of those deposits as reserves and can lend out the rest. This lending process creates new money in the economy. Additionally, central banks can also create money through open market operations and other monetary policies.
| 4. What are the functions of money? | |
Ans. Money serves three main functions: a medium of exchange, a unit of account, and a store of value. As a medium of exchange, money allows people to trade goods and services without the need for bartering. As a unit of account, money provides a common measure of the value of goods and services. Lastly, as a store of value, money can be saved and used for future purchases.
| 5. How does the value of money fluctuate? | |
Ans. The value of money can fluctuate due to various factors such as inflation, changes in interest rates, economic conditions, and government policies. Inflation erodes the purchasing power of money over time, while changes in interest rates can affect the value of currencies in relation to each other. Economic conditions and government policies can also impact the value of money by influencing factors like exchange rates and confidence in the currency.
Related Exams
About this Document
|
4.89/5 Rating |
|
Dec 26, 2024 Last updated |
Document Description: Chapter Based Questions: Money- what it is ? for Class 9 2024 is part of Introduction to Financial Markets for Class 9 preparation.
The notes and questions for Chapter Based Questions: Money- what it is ? have been prepared according to the Class 9 exam syllabus. Information about Chapter Based Questions: Money- what it is ? covers topics
like and Chapter Based Questions: Money- what it is ? Example, for Class 9 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Chapter Based Questions: Money- what it is ?.
Introduction of Chapter Based Questions: Money- what it is ? in English is available as part of our Introduction to Financial Markets for Class 9
for Class 9 & Chapter Based Questions: Money- what it is ? in Hindi for Introduction to Financial Markets for Class 9 course.
Download more important topics related with notes, lectures and mock test series for Class 9
Exam by signing up for free. Class 9: Chapter Based Questions: Money- what it is ? | Introduction to Financial Markets for Class 9
Description
Full syllabus notes, lecture & questions for Chapter Based Questions: Money- what it is ? | Introduction to Financial Markets for Class 9 - Class 9 | Plus excerises question with solution to help you revise complete syllabus for Introduction to Financial Markets for Class 9 | Best notes, free PDF download
Information about Chapter Based Questions: Money- what it is ?
In this doc you can find the meaning of Chapter Based Questions: Money- what it is ? defined & explained in the simplest way possible. Besides explaining types of
Chapter Based Questions: Money- what it is ? theory, EduRev gives you an ample number of questions to practice Chapter Based Questions: Money- what it is ? tests, examples and also practice Class 9
tests
|
26 videos|33 docs
|
Download as PDF
|
Explore Courses for Class 9 exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Semester Notes
,Viva Questions
,Chapter Based Questions: Money- what it is ? | Introduction to Financial Markets for Class 9
,Chapter Based Questions: Money- what it is ? | Introduction to Financial Markets for Class 9
,past year papers
,Chapter Based Questions: Money- what it is ? | Introduction to Financial Markets for Class 9
,Extra Questions
,ppt
,Free
,Summary
,shortcuts and tricks
,practice quizzes
,Previous Year Questions with Solutions
,study material
,Objective type Questions
,Sample Paper
,Exam
,Important questions
,mock tests for examination
,video lectures
,MCQs
;
Additional Information about Chapter Based Questions: Money- what it is ? for Class 9 Preparation
Chapter Based Questions: Money- what it is ? Free PDF Download
The Chapter Based Questions: Money- what it is ? is an invaluable resource that delves deep into the core of the Class 9 exam.
These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective.
With the help of these notes, you can grasp complex subjects quickly, revise important points easily,
and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner,
allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material,
or toppers' notes, this PDF has got you covered. Download the Chapter Based Questions: Money- what it is ? now and kickstart your journey towards success in the Class 9 exam.
Importance of Chapter Based Questions: Money- what it is ?
The importance of Chapter Based Questions: Money- what it is ? cannot be overstated, especially for Class 9 aspirants.
This document holds the key to success in the Class 9 exam.
It offers a detailed understanding of the concept, providing invaluable insights into the topic.
By knowing the concepts well in advance, students can plan their preparation effectively.
Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.
Chapter Based Questions: Money- what it is ? Notes
Chapter Based Questions: Money- what it is ? Notes offer in-depth insights into the specific topic to help you master it with ease.
This comprehensive document covers all aspects related to Chapter Based Questions: Money- what it is ?.
It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation.
Practice papers and question papers enable you to assess your progress effectively.
Additionally, the paper analysis provides valuable tips for tackling the exam strategically.
Access to Toppers' notes gives you an edge in understanding complex concepts.
Whether you're a beginner or aiming for advanced proficiency, Chapter Based Questions: Money- what it is ? Notes on EduRev are your ultimate resource for success.
Chapter Based Questions: Money- what it is ? Class 9
The "Chapter Based Questions: Money- what it is ? Class 9 Questions" guide is a valuable resource for all aspiring students preparing for the
Class 9 exam. It focuses on providing a wide range of practice questions to help students gauge
their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation.
The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level.
Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.
Study Chapter Based Questions: Money- what it is ? on the App
Students of Class 9 can study Chapter Based Questions: Money- what it is ? alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Chapter Based Questions: Money- what it is ?,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Chapter Based Questions: Money- what it is ? is prepared as per the latest Class 9 syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup