SECTION B: THE ECONOMY Question 3


3.1 Briefly discuss the history of money referring to the photographs above.


3.2 What is the role of money in the life of the young businessman in the photograph?


3.3 List FOUR different kinds of service a businessman would purchase. 3.4 List FIVE examples of goods that businesses can provide.


SECTION C: FINANCIAL LITERACY Question 4


John is an accountant and has his own business. He does most of his banking using the internet or his telephone.


4.1 Explain how saving will benefit John. 4.2 Identify the main purpose of John’s business.


(6) (2)


(12)


(4) (4) (5)


[25]


100 Section E: Resources for teaching EMS 9780199052050_OS_Economics_7_TG_CAPS2017.indb 100 11/29/17 9:02 AM


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