History of Money

An exchange of goods or services for other goods or services

• bartering

• fiat money

• representative money

• coins

Bartering can be difficult because it is need based

• true

• false

This was the first common item currency and it was made out of barley

• Mesopotamia Shekel

• Egyptian Silk

• Chinese sea shell

• Arabian Knuckle

The earliest known money mints were found in

• China

• Taiwan

• Europe

• India

Coins were popular for hundreds of years and were usually made of

• lead, copper, silver, gold

• gold, tungsten, silver, lead

• steel, silver, iron, copper

• iron, gold, silver, tungsten

coins were easy to

• lose

• transport

• hide

• forget

The first paper money was used by __________, starting in 700 B.C.

• China

• India

• Eygpt

• Greece

Most European nations used coins until the ___________ century.

• 16th

• 15th

• 14th

• 17th

Representative money was backed by ___________.

• precious metals

• belief

• hard work

• agreement

Fiat money's value was tied to the __________________.

• Government that created it

• precious metals

• bartering

• coins