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 – Used bronze in the shape of tools and shells, which aligns with ancient European trade practices.

(ii) People of Paraguay – Used snail shells (not precious metal) as currency in ancient times.

(iii) Symbolic currency used in America – Wampum (not butter), which were shell beads used by Native Americans for trade.

(iv) Ancient Egyptian currency – Typically gold, silver, and copper (precious metal) were used, but barter was also common.

(v) Ancient Chinese coins – Early Chinese currency included spade and knife-shaped coins before transitioning to round coins with square holes.

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