GUIDE : CREDIT CARDS : RUPEETIMES.COM
The Old Man Monetary
An adventure story about a young boy Arth, how he traces the evolution of money and finds out its importance.
Arth’s Work Book
« Previous    Next »
Arth's Work Book
By Neelima Shankar

Arth's Work Book

(Being some exercises Arth does to keep his promise- To Remember)

1. Quiz

(Tick the answer that is most appropriate)

1.1 What is Money?
a. Something that makes the world go round
b. Time is Money and Money is Time
c. The purpose of life
d. Anything that is generally acceptable as a means of payment

1.2 Which of these is NOT a function of Money
a. Means of exchange
b. Unit of account
c. Store of value
d. Means to transport goods

1.3 In the story, the system of exchanging of goods you have, for the goods you want, had the following drawback:
a. It was not possible to exchange apples for oranges.
b. Cows after being exchanged came back home
c. It was difficult to find someone who needed what you had and also had what you needed.

1.4 The system of using precious metals as a standard commodity for buying and selling had the following drawback:
a. There wasalways a fear that precious metals would be stolen
b. The cost of verifying the quality (weight and fineness) of precious metals took too much time and effort.
c. It was difficult to carry precious metals

1.5 Coins were an innovative way of buying and selling because:
a. They could also be tossed to make decisions related to buying and selling
b. They could not be easily duplicated

 

The Old Man Monetary is copyright of Reserve Bank of India and is posted here in public interest and to spread banking awareness among kids.

« Previous    Next »
TABLE OF CONTENTS
Letter From The Old Man Of Monetary
Arth Has A Visitor
Uruk & Arth Meet The Old Man Of Monetary
In The City Of Ur
The Tongue Of Flame
Double, Double, Toil & Trouble
The Case Of The Standard Commodity
The Coin Drops…
The Colour Of Money
The Return
Arth’s Work Book
Arth's Work Book
Arth's Work Book Page 2
Arth's Work Book Page 3
Arth's Work Book Page 4

COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 


EDITORS' PICKS
Be familiar with your Cash-Back Credit Card
12 point conduct checklist for bank and...
Must have add-ons for luxury car insurance
Cash-Back offer at Corporation Bank this...
Are cash-back credit cards a real good deal?

NEWS THIS WEEK
91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive