VS4d Money, Barter, and Credit Quiz 1

Coins and paper bills are a medium of exchange called ........

• money

• barter

• credit

Trading and exchanging goods and services with money is ........

• credit

• barter

• debt

What form of exchange was NOT often used in the Virginia Colony?

• barter

• tobacco

• money

• credit

What forms of exchange were used in the Virginia colony?

• barter

• tobacco

• credit

• all of these

Money, goods or services owed to someone else is called a ........

• credit

• debt

• money

• savings

Farmers often bought things on credit and paid their _____ when their crops were harvested and sold.

• credit

• savings

• money

• debt

Farmers and other consumers often bought things _____ and paid their debt when their crops were harvested and sold.

• on credit

• for tobacca

• with money

In early agricultural societies like colonial Virginia, ______ was not commonly used.

• credit

• money

• savings

• debt

In colonial Virginia _____ was often used to pay for things since few people had paper money and coins.

• debt

• credit

• barter

__________ is money put away to spend later.

• Debt

• Savings

• Credit