Stage 6 EMS

Mrs. S. van Dyk

Revision:
1. Match the word in column A to fit the description in column B. Write only the
alphabet letter in column C.
Column A Column B Column C
1. Money a) Trade that takes place without money.
2. Debit card b) Lasts for a long time and is not easily broken or
used up.
3. Barter c) The level of income, wealth, comfort material
goods and necessities available to a person.
4. Durable d) Any object that can be exchanged for goods
and services.
5. Standard of living e) A type of bank card which allows the holder to
use money that they already have.

Answer the following questions in your workbook:

1. Name two problems with bartering. (2)

2. Provide three examples of coins that were used long ago. (3)

3. Name one advantage and one disadvantage of electronic banking. (2)

4. What are four characteristics of money? (4)

5. What information should be visible on a bank card? Name three. (3)

6. Provide four examples of public goods. (4)

7. What are two types of primary needs and two types of secondary needs? (4)
8. Name three self-esteem needs. (3)

9. Provide three resources that are scarce. (3)

10. What is the real economic problem? (2)

TOTAL: (30)