CLASSWORKS

Topic: Bartering
Activity 1                                                                             10 minutes                     

What do you think the advantages and disadvantages of bartering are?

ADVANTAGES	DISADVANTAGES
1.	1.
2.	2.
3.	3.
4.	4.
5.	5.

                                                                                                                                                       [10]
Topic :Promissory note

Activity 2                                                                              15 minutes

1. What is the difference between a payer and a payee?

2. What is the difference between a promissory note and simply writing down the amount you owe someone on a piece of paper?

3. Is a banknote a form of a promissory note? Why? Explain your answer.

4. Look at a banknote and write down all the things it has that could make it a promissory note and all the things it lacks as a promissory note.

5. What would you need to include in a promissory note?

                                                                                                                                                       [10]

Topic  :  the role of money

Activity 3                                                                              15 minutes

Use Google as a source of reference to answer the following questions:

1. Name the countries that have adopted the euro.

2. Discuss the following:

• Problems of implementation

• The advantages and disadvantages of the euro

• The exchange rate with South Africa

3. Explain the saying: “Money makes the world go round”.

                                                                                                                                                   [10]

            VICTORY PRIMARY SCHOOL

FORMAL ASSESSMENT

SUBJECT	EMS
GRADE	7
TERM	1
TASK	1
ASSESSMENT	Assignment: The Economy and The History of money
MARK S	30