Currency

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10 Questions - Developed by: Jo - Developed on: - 1.445 taken

Answer the following questions with True/False to see how much you know about our currency.

  • 1
    Australia's currency is the pound.
  • 2
    Currency like notes and coins need to be hard to forge so consumers can't make their own.
  • 3
    Australia was one of the first countries in the world to use plastic notes.
  • 4
    Many years ago, leaves from trees were a good substitute for money because they are scarce (which means hard to find)
  • 5
    The English were the first to have paper currency.
  • 6
    A consumer cannot borrow money from banks.
  • 7
    If you deposit your money with a bank, you will earn extra money from the bank called interest.
  • 8
    When a consumer borrow money from a bank, for example $100, the consumer must pay back more than $100 to the bank.
  • 9
    A long time ago people didn't use money to buy goods and services.
  • 10
    Bartering is a system where people trade something they owned for something they needed. e.g bread for shoes.

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