Economy: from barter to modern trade

Economy: from barter to modern trade

5th - 8th Grade

15 Qs

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Economy: from barter to modern trade

Economy: from barter to modern trade

Assessment

Quiz

English, Business, Other

5th - 8th Grade

Practice Problem

Medium

Created by

Michele Mattos

Used 23+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Before money was invented people exchanged whatever they had.

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2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Barter is a system of exchange where participants in a transaction directly exchange goods or services for other goods or services without using money.

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3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The first official coins started in modern-day Pakinstan.

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4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Coins spread rapidly in the 6th century AD.

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5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

International commerce started with the Florin.

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6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Marco Polo got to know paper money when travelling to India.

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7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In Europe, the concept of banknotes was first introduced during the 13th century AD , with European banknotes appearing in 1661 in Sweden.

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