Jamestown barter

In colonial Virginia what did farmers use as money to pay for goods and services?

• tobacco

• enslaved Africans

• loans from banks

• paper money

which statement is NOT true

• farmers could use crops to pay off their debt

• only some people in colonial Virginia had paper money

• credit was used in colonial Virginia

• colonial Virginia had several banks

Paying for supplies after you harvest and sell your crops is an example of...

• savings

• credit

• debt

• barter

You do not have any money and you borrow money from a friend. The money you owe is called......

• credit

• barter

• debt

Which is a best exammple of barter?

• A cashier counts her money at the end of the day and writes down the total

• You use your friend's material to make yourself a shirt but give them nothing in return

• A doctor takes care of you and you give him fresh vegetables from your garden

Which would be mostly likely true if your tobacco farm was taken over by worms and you already bought supplies from a merchant

• You could sell your crop to a large planter

• You would still owe the merchant for the supplies you purchased

• You would be given less money for your crop

The act of trading or exchanging of goods and services without the use of money is called

• bartering

• saving

• debt

Which is NOT true?

• some colonist had debt

• bartering was often used in place of money

• colonists deposited their money in local banks

You and your neighbor trade goods. You give her eggs and she gives you vegetables. This is an example of......

• barter

• credit

• debt

You usually make 4 dresses but this month you made 5 and earned extra money. You will use that money at a later time. This is known as ......

• debt

• credit

• savings