The History of Money (Grade 10 NSC Matric Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What was the barter system?
What was the barter system?
Direct exchange of goods for other goods
When and where were the first official metal coins created?
When and where were the first official metal coins created?
Around 650 BCE in Lydia
What did the gold standard mean?
What did the gold standard mean?
Bank notes were backed by gold reserves
Which items were used as indigenous money in Africa?
Which items were used as indigenous money in Africa?
Cattle, beads, shells, and cloth
When was the Cape rixdollar established?
When was the Cape rixdollar established?
1705
When did the British introduce sterling currency at the Cape?
When did the British introduce sterling currency at the Cape?
1826
When was the South African Reserve Bank established?
When was the South African Reserve Bank established?
1921
When did South Africa adopt the decimal system?
When did South Africa adopt the decimal system?
1961
What does legal tender mean?
What does legal tender mean?
Currency legally used in a country
How many cents equal one rand?
How many cents equal one rand?
100 cents