The Evolution of Money

Money is used to...

• Spend

• Share

• Distribute

• Save

• Earn

Bartering means...

• To share

• To exchange goods or render needed services

• To exchange money

• To offer a service for nothing in return

There are many _?_?__?__?_ money

• Types

• Degrees

• Forms

• Currency

List the different forms of money used.

Answer explanation

Bartering

Paper money

Coins

Electronic Money

Credit Card/Debit Card

Cryptocurrency

Explain how money has evolved?

Answer explanation

The evolution of money started from bartering and then went onto using coins, paper money, credit/debit cards, electronic money and lastly Cryptocurrency.

Two advantages using a Credit Card?

Answer explanation

1. Putting a hold on a rental car or hotel room.

2. Increased purchasing power.

A disadvantage to using Cash?

Answer explanation

That you may lose / misplace it!

Illustrate the bartering system, draw a picture of this.

Answer explanation

Money is used to

(a)  

Money is also used to

(a)