Define the term "money". (1mk) State and explain three uses of money in a day-to day life. (6mks) Stella went to a Safaricom shop to withdraw some cash. State and explain three features in the Kenyan currency she should be keen to observe. (6mks) State and explain the theme and symbol in each of the following Kenyan currency. (6mks)
Define the meaning of the following terms. (2mks)
- Goals
- Personal goals
- Study the diagram below.

What are Brian's goals? (3mks) - Highlight three importance of setting personal goals. (3mks)
- State and explain two factors to consider when setting personal goals. (4mks)
- Name any four ICT devices that one can use to set personal goals. (4mks)

MARKING SCHEME
- refers to any activity that is carried out by an individual or an organisation in the provision of goods and services with an aim of making profit.
- is the study of activities that involve production, distribution ans consumption of goods and services
- Entrepreneurship
- Financial literacy
- Commerce
- Economics
- Accounting
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- Equips members of the society with knowledge needed to start and operate a business
- Helps individuals to develop a positive attitude towards work
- Assists individual in appreciating the role of business in provision of goods and services
- Equips individuals with abilities to understand the role of communication and information technology in modern business management
- Helps the individuals to develop positive attitudes towards the environment
- Equips the individual with knowledge and skills required to evaluate business performance
- Makes the members of society to appreciate the need for good business management
practices.
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- Banker
- accountant
- Economist
- entrepreneur
- Money is any item or medium of exchange that is accepted by peoplr for the payment of goods and services.
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- serves as a medium of exchange-people use money to pay for goods and services
- money serves as a store of value-you do not need to store goods especially the perishable goods but you can sell the goods and store the money
- used as a unit of account-financial transactions can be recorder in terms of money
- As a measure of value-goods and services can be valued in terms of money
- used as a transfer of immovable assets- immovable assets such as land, building can be sold and the money used to buy them else where
- used as a standard for deferred payment- money is used to pay debts at a future date
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- The water mark-hold up to the light and from both sides you will see a perfect lion's head
- The security thread - appears as a continuous shiny thread changing colour from red to green.
- The golden band on the back of the note shows the value
- Feel KENYA by touching
- Feel the value of touching
- Feel the edge 501 bar
100g - 2 bars
200 - 3 bars
500 - 4 bars
1000 - 5 bars
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- 200 shilling note
- theme social services
- symbol-medical services education and athletics
- 500 shillings note
- Theme-governance
- Symbol-national assembly
- 1000 shilling note
- Theme - Governance
- Symbol - Parliament
- Goals-it is an aim a desired result, the object of a person's ambition or effort
- Personal goals-is what a person wishes to achieve within a given time
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- To improve in academic performance
- To learn how to play guitar
- To loose weight from 70kgs to 50kgs
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- Helps one to stay motivated even during tough times
- Helps one to focus time and energy on what needs to be achieved
- Helps a person to check on the progress of what he or she wants to achieve
- One can avoid wasting resources such as time and money on unnecessary activities
- Goal setting increase chances of succeding in life
- Keeps one accountable for their time and actions
- Success in achieving goals helps to build self confidence
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- Specific-clear and specific so your goals are easier to achieve
- Measurable-measurable goals that can be tracked allowing one to see progress
- Realistic-avoid overwhelming and unnecessary stress and frustraction by making the goal realistic
- Time bound-a date helps us stay focused and motivated, laspiring us and providing something to work towards.
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- Laptop
- mobile phone
- computer
- digital watch
- tablet
- digital television
(any 4 correct)