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1. What is your name?

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2. BC stands for

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3. Traditional societies are small communities that usually share many features. List only 2 features that you know of.

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4. What is barter?

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5. What are the advantages of bartering? (List two advantages)

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6. What are the disadvantages of bartering? (List two advantages)

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7. What was the major purpose of banks in 2000?

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8. Define negotiations

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9. Define promissory

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10. Define currency

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11. By international agreement, promissory notes must contain:

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12. Around 1000 BC, the first coins were made in

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13. When Jan van Riebeeck arrived at the Cape in 1652 the Dutch East India Company used the ________ dollar, the basic coin in the Netherlands at the time.

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14. Metal coins also started to appear in Lydia (present-day known as....)

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15. Explain when did the first paper money appear? State the country and the dynasty name.

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16. Define a dynasty

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17. __________money: the first bank-note were used in 100 BC.

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18. The first credit card was introduced in the US and Europe in the

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19. Credit is

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20. Define the term "republic"

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21. Define the term "fiat money"

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22. Define the term "phishing"

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23. What happened during the Great Depression in the 1930s? Focus on gold as your answer.

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24. What is the purpose of ATMs? Explain how the whole things works.

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25. List two advantages of electronic banking.

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26. List two disadvantages of electronic banking.

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27. Explain the role of money by explaining how it works with regards to unit of value.

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28. Explain the role of money by explaining how it works with regards to healthy economy.

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29. Explain the role of money by explaining how it works with regards to savings.

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30. Explain the characteristics of money.

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31. Explain how people traded goods and services before coins and paper notes existed.

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32. Name three different methods of payment used to buy things we need now.

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33. Compare these methods of trade and say which is best and why you think so: the use of money as it is now, or older methods, or a combination of all these methods.

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34. Explain how money enables people and businesses to satisfy needs and wants.

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35. Explain why money is easier to use to satisfy our needs and wants than the bartering system.

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36. When did South Africa become a Republic?

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37. Paper money was introduced in South Africa for the first time in _________ as a result of shortage of coins that were brought in from the Netherlands.

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38. In _________ South Africa changed its currency from British sterling to rands and cents, which is still used today.

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39. In _________ a banknote factory was opened in South Africa and ever since then it has printed our money.

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40. The first bank established in the Cape was called the __________________Bank and it was given the task of issuing paper money.

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41. The first ATM was installed in __________________Bank in London in the 1960s. They became more common in the 1980s.

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42. ATM stands for

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43. EFT stands for

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44. EFTPOS stands for

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45. Internet banking and shopping

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46. The Bank of England was established in _______ and was soon printing bank notes.

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47. Are you a member of the Wowos Club

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48. If not a member, do you want to join the Wowos club?

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49. If you want to be a member of Wowos Club, please provide your cellphone number

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