What Money Is · seed 1 · A4, ink-friendly. The answer key prints on its own page for grown-ups.

What Is Money?

Life Skills · Money & Finance · ages 5-7
Name ______________________   Date ____________

  1. Long ago, people swapped things instead of using money.

    Circle one:   True   False

  2. Shiori has some coins in her pocket. What can she do with them?

    • pay for a snack
    • eat them like food
    • wear them as a hat
    • plant them in the garden

  3. A dime is a kind of money.

    Circle one:   True   False

  4. Why do people use money?

    • To pay for things they want
    • To save in a piggy bank
    • To use as toys

  5. Which two things can both be money?

    • A coin and a note
    • A coin and a pencil
    • A note and a shoe

  6. Why do people use money instead of only swapping?

    • Money tastes better
    • Money can be traded for anything
    • Money is heavier to carry

  7. Sam has a truck but wants a car. What did people do before money?

    • Wait for money to appear
    • Throw the truck away
    • Swap the truck for a car

  8. Shiori has 2 nickels and 1 dime in her pocket. How many coins does she have in all?

    Answer: ______________

  9. Leo says money can only be coins or notes. Is he right?

    • Yes, only coins and notes are money
    • No, only leaves count as money
    • No, money in an account counts too

  10. Mia has apples. Tom has blocks. Long ago, how could Mia get a block without money?

    • Swap some apples for a block
    • Ask for it and pay nothing
    • Wait for a coin to appear
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Answer key

For grown-ups. Fold this page away before handing over the rest.

What Is Money? W1-mt_SsS7GptD_o-s1

  1. True · Before money, people traded things like eggs for bread.
  2. pay for a snack · Coins are money, and we use money to pay for things we need or want.
  3. True · A dime is a small silver coin, and coins are one form of money.
  4. To pay for things they want · Money is used to buy things people need or want.
  5. A coin and a note · Coins and paper notes are both types of money.
  6. Money can be traded for anything · Money lets you buy anything, not just what someone will swap.
  7. Swap the truck for a car · Long ago, people swapped things they had for things they wanted.
  8. 3 · Count the nickels and the dime, then add them together. 2 plus 1 is 3.
  9. No, money in an account counts too · Money can also sit in an account. A card or a phone tap is a way to pay, not money itself.
  10. Swap some apples for a block · Before money, people bartered, trading what they had for what they wanted.
Worksheet · LightMySky