What is Money – Age 5-7

In this quiz, written for KS1 children in years 1 and 2, we take a look at money. Money is a big part of life whether we like it or not, so the sooner children learn to understand what it is and where it comes from the better.

So, what then is money? It is a medium which we can exchange for goods or services. That basically means that we can swap money for something we want done or for an item we want to buy.

And where does it come from? Well the government creates it for us to use. But to get hold of it we generally have to work – somebody pays us money for our time, just as we pay others for things we want from them.

Have a go at this quiz and see if you know the value of money.