ACTIVITY 1.

0 WEEK 1 DATE: ____________

Definitions
You have only ten minutes to find as many words as possible, after ten minutes discuss
the meaning of each word found with you class.

WORD SEARCH
Complete the following word search. Colour each word found with a different colour.
Note answers can only be coloured, diagonally, vertically, and horizontally.
B T R A D I T I O N A L Q W
B A N K I N G E R T Y M I P
E A R S D F H A V E R O T S
X Z X T C A M K L P O D L O
C I O N E E D S L H Y E I C
H I O L G R I O P I H R F I
A N E G O T I A T I O N R E
N E J K N M 0 N E Y E R O T
G O I N K U J Y G W Y T L Y
E L E C T R O N I C A L Q T
S E L F S U F F I C I E N T
A. Write ONLY five of the words found above and use the dictionary for their meaning.
ACTIVITY 1.1 WEEK 1 DATE: ____________

Traditional Society

Fill in the missing word using the words in the box

Exchange Shelter Clothes self- sufficient Money own- needs

1. Traditional societies are societies who did not have _____________________

2. In traditional societies people were _____________________, meaning they provided
for all their ________________________
3. _____________________were built from mud, reeds, or other natural materials from the
area.
4. _____________________ were made from animal skins or women from local plant
fibers.
5. Later traditional societies started to _____________________ goods among
themselves.
________________________________________________________________________

ACTIVITY 1.2 WEEK 1 DATE: ____________

Traditional Society

 They lived in tribes with

 They live in families
kings
 The buy things they need
 They produced their own
and want
goods – hunt and plan
 The rely on money to
 Did not use money
survive
 They had few wants
 They have unlimited needs
 No technology
and wants
 Their goods only come
 Use technology
from nature
 Most goods are man made

1. If things changed and we live in traditional society times, would you be able to survive?
Give three reasons why would you or wouldn’t survive if times changed.
a. __________________________________________________________________
b. __________________________________________________________________
c. __________________________________________________________________
 ACTIVITY 1.3 WEEK 2 DATE: ____________

Traditional Society
Study the pictures and answer the

questions that follow

1. Explain why do you think people in the picture did not need money? (2)
_________________________________________________________________________
_________________________________________________________________________

2. If you lived in the traditional societies, explain how you would satisfy the following needs:
Food:
_________________________________________________________________________
_________________________________________________________________________
Water:
________________________________________________________________________
________________________________________________________________________
Shelter:
________________________________________________________________________
________________________________________________________________________
Clothes:
_________________________________________________________________________
___________________________________________________________________________

ACTIVITY 1.4 WEEK 2 DATE: ____________

Bartering
State whether the statement is true or false. If false write the correct term to the
statement.

1. Bartering is about exchanging goods and services without using money. ___________
2. Bartering don’t use negotiation; they just get what they want. ________________
3. Bartering is when you exchange of goods for another good ________________
4. People no longer barter today ___________________
5. Bartering is when give someone money and they give you what you want _________
ACTIVITY 1.5 WEEK 2 DATE: ____________

Bartering

1. Explain the difference between buying and bartering

Buying _________________________________________________
Bartering _______________________________________________
2. Match the term in column A with the explanation in column B

Column A Column B Answer

2.1 Self sufficient A To exchange without the use of money 2.1
2.2 Negotiation B People who used to live without money 2.2
2.3 Barter C An agreement to pay a fixed sum of money 2.3
2.4 Promissory note D People that produce their own goods 2.4
2.5 Traditional societies E A process of bargaining between two or more 2.5
people

___________________________________________________________________________

ACTIVITY 1.6 WEEK 2 DATE: ____________

Bartering

Study the pictures and answer the questions that follows:

1. Before the introduction of money, people used to exchange goods and services with
each other.
1.1 What is the correct term for this type of exchange? _____________________________
2. List the items that were used as money in the barter system.
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
3. In your opinion do you think the trade between two people in the picture was fair?
______
______________________________________________________________________
ACTIVITY 1.7 WEEK 2 DATE: ____________

Advantages – something that is good or put you in a good condition or make your life easy.
Disadvantages – something that make your life harder or put you in an unfavoural situation

1. List the advanatges and disadvantages of batering in the table below

Advantages Disadvantages
1. 1.

2. 2.

3. 3.

ACTIVITY 1.8 WEEK 3 DATE: ____________

Define the following terms and give your own example for each term.

1. Bartering
______________________________________________________________________
Example
______________________________________________________________________
2. Traditional society
______________________________________________________________________
Example
______________________________________________________________________
3. Needs
______________________________________________________________________
Example
_____________________________________________________________________
4. Self sufficient
______________________________________________________________________
 Example
______________________________________________________________________
___________________________________________________________________________

ACTIVITY 1.9 WEEK 3 DATE: ____________

1. What is a promissory note?

______________________________________________________________________
____________________________________________________________________
Promissory note
2. Mention the details that should be included in the promissory notes.
______________________________________________________________________
Amount: ________________ Date: __________________
Place:______________________________________________________________________
__________________
___________________________________________________________________
3. Give an example of means
I ____________________ make of payment used
commitment today
to pay like a promissory
R___________. note. will be
The interest
______________________________________________________________________
___%______________________________________________________________________
which equals R____________. Then the amount I will pay back monthly including
interest it will be R ____________. The duration of the payment will be from __________
Fill in the following promissory notes
to ___________________
Name of the payee _________________
Signature of the payee: ____________________signature of the witness___________
Address: ____________________________________________________________
____________________________________________________________________

ACTIVITY 1.10 WEEK 3 DATE: ____________

Coins and Paper money
- As more people and countries began to trade it became difficult to barter.
- The first form of money were items such as pieces of fabrics, cowry shells and metal
coins.
- Countries imprinted different emblems (small pictures on the coins).
- These emblems indicated different values of coins (denominations).
 - The first coins were made in China around 1000BC.
- South African coin denominations (5c,10c, 20c, 50c, R1, R2, R5)
- South African paper money denominations (R10, R20, R50, R100, R200).
-
1. Name the animals that are in the following coins:

a) R1: __________________________
b) R2: __________________________
c) R5: __________________________
2. Name the animals that are on the following paper money.
a) R10: __________________________
b) R20: __________________________
c) R50: __________________________
d) R100: _________________________
e) R200: _________________________

3. History of money in South Africa.

Match the following dates in column A with the statements in column B. Write the letter that
correspond with the statement in column C.
Column A Column B Column C
3.1 1782 a) All notes were written and thereafter all were 3.1
printed
3.2 1803 b) Governor van Plattenburg introduced paper 3.2
money.
3.3 1961 c) A bank note factory was established 3.3
3.4 1962 d) new bank notes with former president Mandela 3.4
face were introduced.
3.5 2012 e) South African currency changed from pound 3.5
sterling to rand.

ACTIVITY 1.11 WEEK 3 DATE: ____________

Electronic banking
1. Give the meaning of the following acronyms.
a) EFT: ________________________________________________________________
b) ATM: _______________________________________________________________
c) PIN: ________________________________________________________________
d) SARB: ______________________________________________________________
2. Name two types of cards that are used to make electronic transaction.
______________________________________________________________________
3. Name three transactions that you can perform on the ATM.
 ______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
4. List three transactions you can do through internet banking
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
5. Besides ATM, Internet, and cell phone banking, what is the other form of EFT banking
that banks have recently introduced in which people can perform transaction through
their cellphones.
______________________________________________________________________
ACTIVITY 1.12 WEEK 3 DATE: ____________
Electronic banking
Fill in the table below by writing three adavantages and three disadvantages of using the
internet for banking, cellphone banking or buying online.
Advantages Disadvantages

ACTIVITY 1.13 WEEK 3 DATE: ____________

The role of money
1. What is the first country to introduce paper money? _____________________________
2. What year did the new notes with the former president Mandela introduced? _________
3. Explain the term currency:
______________________________________________________________________
______________________________________________________________________
4. What does SARB stands for?
______________________________________________________________________
5. Who is the governor of the reserve bank in South Africa?
______________________________________________________________________
6. Is it possible that in future the coins and bank notes roles will become out of date as
cowry shells? Explain.
_____________________________________________________________________
 ______________________________________________________________________
______________________________________________________________________
___________________________________________________________________________

ACTIVITY 1.14 WEEK 3 DATE: ____________

The role of money
Country Currency name Currency symbol
South Africa
United State of America
United Kingdom
Botswana
Lesotho

1. What is money?
___________________________________________________________________
___________________________________________________________________
2. Write down the four characteristics of money
 _____________________________________________________________
 _____________________________________________________________
 _____________________________________________________________
 _____________________________________________________________