1) The £5 note shows which person? a) Charles Darwin b) Adam Smith c) Sir John Houblon d) Elizabeth Fry 2) Who creates the designs on the english coins? a) The Bank of England b) The Royal Mint c) The Royal Bank of Scotland d) Clydedale bank 3) Scottish banknotes in circulation total around £3.2 Bn in value a) True b) False 4) What is the colour of a £10 note? a) red and yellow b) brown and white c) red and white d) green and blue 5) What is the colour of the £5 note? a) red and green b) blue, light green and white c) green, yellow and light yellow d) yellow and light red 6) What is the colour of the £50 note? a) yellow b) green c) brown d) red 7) Bank notes are a source of money? a) true b) false 8) What does legal tender mean? a) Available in different amounts b) Hardwearing c) By law people must accept certain coins and banknotes in payment of debt d) Different values of each note and coin 9) Give one characteristic of money a) accepted by people and shops b) £2 coin c) £10 note d) Different values of each note and coin 10) what is the pledge on every banknote? a) I swear to pay the person on demand the sum of_ b) I promise to pay the banker on demand the sum of _ c) I promise to pay the bearer on demand the sum of _ d) I swear to pay the banker on demand the sum of_ 11) Which of these is not a characteristic of money? a) lasts a short time b) easy to carry c) accepted by people and shops d) always worth the same

Unit 1 topic 1 gmu

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