UNIT 2: Economics (Quick Quiz 1)

What do you call it when you exchange something for another without using money?

What do you call the process of making a coin?

What is a mint?

Can you give an example of bartering?

Why were temples used as the first banks?

What is Economics?

Why do you think the government needs to collect taxes from the people?

How do you know when a coin is minted?

For you which is easier, barter or using money? Why?

What do you understand about the word "interest" that is given by a bank?