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Economic Education
What Is Money – Age 5-7
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Q.1
Which option would be the best way to pay for something costing 80 pence?
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With a £1 coin
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With a £5 note
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With 80 x 1p pieces
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With a cheque for 80 pence
Q.2
Which of these is NOT a way to pay money to someone?
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A cheque
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A debit card
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A bag of marbles
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Cash
Q.3
Which is worth more?
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100 x 1p pieces
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5 x 20p pieces
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1 x £1 coin
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They are all worth the same
Q.4
Where does money come from?
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A fairy brings it
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The government makes it for people to use
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It grows on trees
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Doing work makes money appear
Q.5
Almost everything costs money. Which of these is free?
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The water you drink
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The food you eat
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The air you breathe
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The roof over your head
Q.6
Which of these is NOT a legal bank note?
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£5 note
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£10 note
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£20 note
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£30 note
Q.7
How would you pay for something you got from a shop?
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With buttons
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With money
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With stickers
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With bananas
Q.8
Which of these is NOT an honest way to get money?
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A wage from a job
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Benefit from the government
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Interest paid on your savings
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Steal it from someone else
Q.9
Which would be the best way to pay somebody for a day’s work?
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Give them a block of salt worth £80
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Give them £80
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Give them a phone worth £80
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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?
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£12
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£24
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£52
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£104
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