2.1 Rehearse

• Economie
• Middelbare school
• vwo
• Leerjaar 2

2.1 Rehearse

Imagine you live in a village where no money exists. You want to buy bread, but you are a potter and only have pots to trade.
Questions:
a) How would you convince the baker to trade with you?

1. Offer a pot and promise to trade more next time.
2. Find out if the baker needs a pot and trade directly
3. Force the baker to accept your pot.
4. Trade the pot for another good before approaching the baker.

b) What is a possible problem with this way of trading?

1. It’s hard to find someone who wants what you have.
2. Trading doesn’t allow negotiation.
3. Direct trade only works with large groups of people.
4. Everyone has unlimited access to goods.

n history, people moved from direct trade (like pots for bread) to using money.
Questions:
a) Why did people start using money?

1. To make trading faster and easier.
2. To make gold and silver more valuable.
3. To encourage people to trade less.
4. To replace food as a trading item.

b) Which of the following were commonly used as money in the past?

1. Sticks and tree leaves
2. Shells and salt
3. Pottery and bricks
4. Feathers and paper

Money has three important functions in the economy.
Questions:
a) What is not a function of money?

1. Medium of exchange
2. Store of value
3. Unit of account
4. A tool to increase population

b) Which of these examples shows the "store of value" function of money?

1. Buying groceries at a supermarket
2. Saving €50 in a piggy bank for later use
3. Using money to measure the price of a product
4. Paying wages to employees

In ancient times, people often used precious metals like gold and silver as payment. Later, coins and paper money were introduced.
Questions:
a) Why were coins more practical than raw gold or silver?

1. Coins were heavier and harder to lose.
2. Coins had a fixed value and were easier to carry.
3. Coins could be eaten if needed.
4. Coins did not rust.

b) Why did paper money become popular later on?

1. It was cheaper to produce and lighter to carry.
2. People didn’t trust coins anymore.
3. It had more value than coins.
4. Governments banned the use of gold and silver.

1. Your pocket money changes from €5 to €7 per week. What is the percentage increase?

1. 30%
2. 35%
3. 40%
4. 45%

2. Your pocket money changes from €7.50 to €9 per week. What is the percentage increase?

1. 15%
2. 20%
3. 25%
4. 30%

3. Your clothing allowance changes from €70 to €100 per month. What is the percentage increase?

1. 40%
2. 42.86%
3. 45%
4. 50%

4. Your clothing allowance changes from €300 to €350 per quarter. What is the percentage increase?

1. 10%
2. 15%
3. 16.67%
4. 20%

5. My salary increases from €15 to €15.99. What is the percentage increase?

1. ) 5.6%
2. 6.6%
3. 7.6%
4. 8.6%