PSHE - Economic Education - What Is Money – Age 5-7 Solution - MCQGeeks.com

Q.1.

Which option would be the best way to pay for something costing 80 pence?

0%
With a £1 coin
0%
With a £5 note
0%
With 80 x 1p pieces
0%
With a cheque for 80 pence

Q.2.

Which of these is NOT a way to pay money to someone?

0%
A cheque
0%
A debit card
0%
A bag of marbles
0%
Cash

Q.3.

Which is worth more?

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100 x 1p pieces
0%
5 x 20p pieces
0%
1 x £1 coin
0%
They are all worth the same

Q.4.

Where does money come from?

0%
A fairy brings it
0%
The government makes it for people to use
0%
It grows on trees
0%
Doing work makes money appear

Q.5.

Almost everything costs money. Which of these is free?

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The water you drink
0%
The food you eat
0%
The air you breathe
0%
The roof over your head

Q.6.

Which of these is NOT a legal bank note?

0%
£5 note
0%
£10 note
0%
£20 note
0%
£30 note

Q.7.

How would you pay for something you got from a shop?

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With buttons
0%
With money
0%
With stickers
0%
With bananas

Q.8.

Which of these is NOT an honest way to get money?

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A wage from a job
0%
Benefit from the government
0%
Interest paid on your savings
0%
Steal it from someone else

Q.9.

Which would be the best way to pay somebody for a day’s work?

0%
Give them a block of salt worth £80
0%
Give them £80
0%
Give them a phone worth £80
0%
Give them £80 worth of sweets

Q.10.

If Jason gets £2 a week in pocket money, how much would he have if he saved up for a whole year?

0%
£12
0%
£24
0%
£52
0%
£104