The History of Money

Which sentence best describes the main idea of the paragraph "Bartering".

• Pay for rope by exchanging for goat milk

• Goats are too valuable to trade for rope

• Bartering is a system of economics

• Merchandise is anything being sold.

Which sentence from the "Bartering" paragraph best supports the main idea?

• Imagine you're a goat herder visiting a marketplace in China in 1200 B.C.

• The goat is too valuable!

• The merchandise being sold around you ranges from cattle to tools.

• Instead, you might trade goat milk for the rope.

What does the proverb "Money doesn't grown on trees" mean?

• Money isn't easily obtained.

• Paper is made from trees.

• Trees are difficult to grow.

• Money grows in other ways.

What was an effect of using cowrie shells for currency? Check all that apply.

• It was more convenient to buy and sell merchandise.

• People had a solution to bartering problems.

• People bartered with goats more than ever.

• Cowrie shells became worthless.

What was a benefit of using cowrie shells for currency?

• They were worth more.

• You only needed two of them.

• They grew on trees.

• They were easier to carry.

Which sentence best explains the main idea of the paragraphs under the subtitle "Early Currency"?

• If you invest your money to make more money, you might be an entrepreneur.

• The idea of currency was becoming popular around the world.

• China's first currency, cowrie shells, made buying, selling, saving, and investing easier.

• If you want to buy rope using cowrie shells would be easier than bartering.

What is the best conclusion for why forms of money keep changing?

• Shells are lighter than coins.

• It changes as problems arise or as more convenient currencies are developed.

• Saving money is important.

• It changes as people get bored with the current form of money.

What does "No need to cry over spilt milk mean"?

• There's no point in being upset.

• There's always more milk.

• Cowrie shells are like spilt milk.

• There is no milk.

Use the text feature on page 426. What does economy mean?

• A system or method of managing the production and distribution of money, goods, and services.

• Trading by exchanging, food, services, or goods instead of using money.

• Any form of money that is used in a country.

• A place where food and goods are bought and sold, or the world of business, trade, and economics.

Use the text feature on page 426. What does marketplace mean?

• A system or method of managing the production and distribution of money, goods, and services.

• Trading by exchanging, food, services, or goods instead of using money.

• Any form of money that is used in a country.

• A place where food and goods are bought and sold, or the world of business, trade, and economics.