HOMEWORKS

Homework Task 1
    
Promissory note

1. Draw your own promissory note, in your exercise book.


2. You may decorate it as you like, but make sure that it looks like an official document and include all the relevant information.



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Home work task 2
Historical Development of Money
Name ______________________
Date _____________ Class ____

1. What is the Barter system?                                                                                     (2)
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2. List the 3 major problems with the barter system.                                                    (6)
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3. What does medium mean in this reading?                                                               (3)
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4. List examples of medium that have been used in history.                                           (3)
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5. Why was metal used as a medium of exchange?                                                        (2)
________________________________________________________________________
________________________________________________________________________
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NAME …………………………………………..
DATE ……………………………………………
EMS INFORMAL TASK: ACTIVITY 1
TOPIC: GOODS AND SERVICES
Determine whether the following are examples of goods, services or both.
1.      You buy a pen for school.
2.      You go to the chemist for advice about your health and the buy the medicine.
3.      You buy a pair of jeans.
4.      You pay someone to iron your clothes.
5.      You pay your brother to run a virus check on your computer.
6.      You pay to have your watch repaired and the price includes a new battery.
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NAME……………………………………..
DATE………………………………………..
EMS INFORMAL TASK: ACTIVITY 5 
TOPIC: ELECTRONIC BANKING
Draw the following table in your books and write ‘yes’ or ‘no’ in the appropriate columns to indicate the services offered by each type of banking.

Internet banking
Telephone banking
Cellphone banking
Provide up-to-date balances.



Provide mini statements



Provide provisional statements



Make Account payments



Make inter-account transfers



Increase or decrease  overdraft limits



Stop payments and debit orders.





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NAME …………………………………………..

DATE ……………………………………………

EMS INFORMAL TASK: ACTIVITY 1

ALL ABOUT NEEDS

In this activity you will be required to look at the  following picture and discuss it in your  group.

your teacher will discuss the answers with the class. Look at the picture below to  answer the questions that follow. 



1. Look at the people in the picture. In your group discuss the characteristics of each person. 

2. What do you think each person's needs are? Write them down. 

3. Will some of their needs be more than other needs?

4. Choose  the definitions from column B that match the words in column A. Write the number and the  letter next to it. For example: 1. d.

5. Explain why people and business pay taxes to the  government. 

6. How can communities ensure that their group needs are satisfied? 

7. Why is it important for government leaders to be honest?





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