History of Money in Africa

What was the earliest form of exchange?

• Barker

• Bark

• Barter

• Barf

Why was a medium of exchange established?

• people wanted to be rich

• appraisal of goods and services was sometimes challenging

• money grew on trees

• it was cheaper

What kind of indigenous money was used in 14th century Africa?

• rixdollars

• cents and rands

• Bitcoin

• cattle, beads, ostrich shells, cloth, ivory and gold

Who established the Cape rixdollar as the standard monetary unit in 1705?

• Dutch authorities

• The British

• King Shaka Zulu

• Ricky Rick

When did South Africa adopt the rands and cents decimal system?

• 1994

• 1961

• 1948

• 2023