Gold

Which of the following metals is often found in the pure state?

• Gold

• Silver

• Diamond

Who first started to use gold for money?

• The Mongols

• The Egyptians

• The Persians

Why were Gold coins better than gold bars?

• They were easier to carry

• They were easy to make

• They were more valuable

By the 1540 CE, the devaluing of coins, especially ________, was at its worst.

• Gold

• Silver

• Iron

Paper money was first used in _______ around 618 CE.

• India

• Italy

• China

The Chinese and then, later, the Mongols, used paper money as a medium of exchange for over five hundred years.

• True

• False

European traders preferred coins of gold and silver because the value of gold and silver were equal.

• True

• False

Where was paper money first used?

• In Persia

• In Europe

• In China

Among this which is not an advantage of paper money?

• Very Heavy

• Easy to carry

• Lightweight

Trade and commerce were flourished during the age of Discovery.

• True

• False