Currency & Money Basics
What is the currency of Kazakhstan?
Tenge)
Whose portrait is on the 1,000 tenge banknote?
Al-Farabi)
What is a “budget”?
A plan for spending and saving money
What is a salary?
The money you earn from a job regularly
What does “money doesn’t grow on trees” mean?
Money is not unlimited; it must be earned
What is the symbol for the Kazakhstani tenge?
₸
What is the largest denomination of tenge currently in circulation?
20,000 tenge
Name one way people save money.
Answer: Bank accounts, piggy banks, investments, etc.
Name one job that deals with money.
Banker, accountant, cashier, etc.
What is a “penny for your thoughts”?
A way to ask someone what they’re thinking
How many tiyn are in one tenge?
100 tiyn
What is the name of the central bank of Kazakhstan?
National Bank of Kazakhstan)
What does "interest" mean when saving money in a bank?
The extra money earned on savings over time
What does “entrepreneur” mean?
A person who starts and runs a business
In which country was paper money first used?
China
What does “exchange rate” mean?
The value of one currency compared to another)
What year was the Kazakhstani tenge introduced?
1993
What is the difference between a “need” and a “want”?
A need is something necessary; a want is something extra)
What is a tax?
Money paid to the government for public services
What is cryptocurrency?
Digital or virtual money, like Bitcoin
Name three types of money (not currencies)
Coins, banknotes, digital money, etc.)
What was the currency used in Kazakhstan before the tenge?
Soviet ruble
What is inflation?
The increase in prices over time, reducing the value of money
What is an investment?
Putting money into something to make more money in the future
What does “breaking the bank” mean?
Spending too much money, more than you can afford