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1. Of the choices, which on exchanges using a barter system?
B. A farmer trades his crop of beans for flour and sugar at the general store.
5. Alexandra trades her Britney Spears tshirt for Melanie's new Vanessa Williams music CD. What system of exchange are the two girls using?
A. Barter System
9. Which of the choices for number 9 best explains how a barter system works?
D. People trade goods or services to get what they need.
14. Read the small passage on page 4 of your work packet.
The passage gives an example of ____________
C. A money system
2. Read the small passage for number 2 in your work packet.
It is clear that Campau and the Native Americans used a barter system because: ___________________
A. goods of equal value were being exchanged
6. Read the short passage about Bart on page 2 of your work packet.
They system of exchange that Bart and the clothing company are using is a ___________________.
B. Money System
10. Which statement for number 10 in your work packet best describes a barter system?
A. Trading one good or service for another
15. Like other countries, the United States creates it's own money. The money that a country creates is called its "currency." In the United States, our currency is called the _____________.
A. Dollar
3. Read the small passage for number 3 in your work packet.
Sarah's plan is an example of ________________.
A. Bartering
7. Jenny wants to use a barter system to get a new watch. Which of these is the best way she could use the barter system to get a watch?
B. She could give her friend a necklace in exchange for a watch.
11. For number 11, which statement is true about a barter system?
A. No money is exchanged
4. Of the choices for number 4, which is an example of someone using a barter system?
D. Keith gives Pete his hat in exchange for new shoes.
8. On number 8 on page 2 of your work packet, which is an example of someone using a money system?
B. Randy buys a bicycle from a shop.
12. Bartering is a good exchange system to use when ________________ (Choose your answer)
A. The community is small
13. Which of the choices for number 13 is a quality of a money system of exchange?
C. Uses coins or other currency chosen by the government.