Understanding Money: The Journey from Shells to Digital Dollars

Questions: 5

Grade: 4

Words: 185

Text

Text & Questions

Text, Questions & Answers

A long, long time ago, people didn't use money. They used to barter, which means they exchanged goods they had for goods they needed. Imagine trading apples for a new pair of shoes! But this was hard, so people started using shells, stones, and even feathers as money.
With time, we have evolved to using coins, then paper money, and now even digital dollars on our computers and phones. Money is something we earn by working. For you, this could mean doing chores at home like cleaning your room or helping in the kitchen.
Once you earn money, it's important to know what to do with it. You can spend it, but you shouldn't spend it all! It's important to save some money too. This is called budgeting.
Saving money can also be done at banks, where your money can grow over time. Just like a tiny seed turns into a big tree, your saved money can grow too!
Lastly, it's also important to donate some money to help those who need it. So remember, earn, save, spend wisely, and don't forget to be kind!

Question 1

What does barter mean?

Trading goods for goods

Explanation. In the given text, Barter is introduced as an old system where people would trade goods they had, for goods they needed.

Saving money

Exchanging goods for money

Using shells as money

Donating goods

Question 2

What was used as money before coins?

Digital Dollars

Paper

Feathers, shells and stones

Explanation. The text mentions that before the use of coins, people used shells, stones, and even feathers as money.

Barter system

Banks

Question 3

Why should we not spend all the money we earn?

Because we need to donate it all

Because we should save some of it

Explanation. The text clearly mentions that once we earn money, it's important not to spend it all and to save some. This is called budgeting.

Because we should invest it all

All money is bad

No reason mentioned in the text

Question 4

What happens to the money when we save it in a bank?

It gets lost

It decreases

It remains the same

It grows over time

Explanation. The text says that when we save money in a bank, it can grow over time. It uses the metaphor of a tiny seed turning into a big tree.

None of the above

Question 5

What should we remember to do with our money?

Spend it all

Earn, save, spend wisely, and donate

Explanation. The text concludes by reminding us to earn, save, spend wisely, and to remember to be kind by donating some money to those who need it.