Page 57 - Key to Social Studies 3 (Workbook)

Exchange in the Market

8 Mark true or false.

1. In barter, people traded things they needed with other things
they did not need. true false

2. People invented money to be accepted as a medium of exchange. true false
3. Saving means spending all the money earned. true false

4. You will see interesting things about the countries on their
currencies, such as famous characters or leaders. true false
5. A budget plan helps you decide whether to save money or invest it. true false

9 Use the diagram below to write the similarities and differences between barter
and money.

Barter Similarities Money

7 What would happen if money was not invented?

10 Calculate your budget plan within the limit of $10 as per below.

$3 $1 $4 $6

$ $ $ $ $ $

1. How much money? $ 2. How much money? $ 3. How much money? $

$ $ $ $ $ $

4. How much money? $ 5. How much money? $ 6. How much money? $

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