Origin
Characteristics
Types or Functions
Bank and Money supply
Importance
100
Queen Elizabeth II
100
The item must be acceptable to everyone.
Acceptability
100
This means that if money is usable today to make purchases, it must also be acceptable to make purchases today that will be paid in the future.
Standard of deferred payment
100
Supply is the amount of money/ monetary items that are in circulation in the economy at a particular period of time. True or false
True
100
Money doesn't allow us to meet our basic needs. True or False
False
200
what is the name of the trading system that the maya used
barter
200
Money should be easy to carry regardless of its value.
Portability
200
means that it is the ruler by which other values are measured
unit of account
200
If there is more money in the economy, the government will put in place measures to reduce the supply such as increasing interest rates.
Government policies
200
Around _____ years ago money started to have value
5,000
300
what year did the Belize Monetary Authority set the minimum and maximum selling rate for commercial bank
1977
300
It should be limited in supply. If it is abundantly available its value will reduce.
Scarcity
300
This account is also known as a time Deposit account.
Fixed deposit account
300
the more the loans offered by commercial banks, the more the amount of money in circulation.
Policies of commercial banks
300
Money plays a key role in influencing the behavior of the economy as a whole. True or False
True
400
what did the first inhabitants of Belize exchanged for goods
cacao beans, bones, jades, and tiny figurines as money
400
Money should be easily divisible into smaller units (denominations) but still maintains its value.
Divisibility
400
This is an account where money deposited can be withdrawn on demand by the customer by means of a cheque.
Current account
400
Money held in current accounts in banks and are therefore withdrawable on demand.
Total demand deposits
400
It is said that_____ is the most important source to live a healthy and prosperous life.
Money
500
On 9 June 1784, law passed when the ______ currency was established as legal tender.
Jamaica
500
It helps people to differentiate between various denominations.
Cognizability
500
These are companies that assist in creating confidence and sense of security to their clients as well as offering financial assistance to their clients.
Insurance companies
500
The total currency includes the coins and notes issued by the __________
central bank
500
Why is it important to teach individuals about money?
It imparts them with vital knowledge and skills that will assist them to make informed decisions when it comes to financial matters now and in the future.