HISTORY OF MONEY

People bartered with ​ (a)   and other ​ (b)   that they had an ​ (c)   of.

• livestock
• goods
• excess

​ (a)   were used by people living in coastal regions around the ​ (b)   as money. This was the most widely, and longest, use of any ​ (c)   in history.

• Cowrie shells
• Indian Ocean
• currency

King ​ (a)   of ​ (b)   , which is modern day ​ (c)   , had the first coins made from ​ (d)   . These coins were valued according to their ​ (e)   .

• Alyattes
• Lydia
• Turkey
• precious metals
• weight

In​ (a)   , people started trading ​ (b)   .

• China
• small bronze items

Reorder the following

• The new South African R5 coin was minted for the first time.

• The new South African Mint was opened in Centurion, Gauteng.

• When South Africa became a republic, the currency was officially changed from British Pounds to South African Rands and cents.

• The first ATM was invented by John Shepherd-Barron. It was installed in a branch of Barclays Bank in London.

• The first mobile bank in Europe began.

The first South African mint was opened on the 16th July. ​ ​ (a)  

The South African Reserve Bank was opened. ​ (b)  

John Biggins invented the first credit card. ​ (c)  

• 1892 AD
• 1921 AD
• 1946 AD

​ (a)   AD – The first fund transfer was done by ​ (b)  

• 1860
• Western Union

​ (a)   first bank, ​ (b)   Bank​ , opened its doors in ​ (c)  

• South Africa’s
• Lombard
• Cape Town

The first ​ (a)   was introduced in ​ (b)   by the Dutch governor ​ (c)   . There was no ​ (d)   in South Africa yet, so each note was ​ (e)   . These notes were hand written till 1803.

• paper money
• South Africa
• Van Plettenberg
• printing press
• hand written

The ​ (a)   , a gold coin from ​ (b)   , became the first coin to be accepted as payment across ​ (c)   .

• Florin
• Florence
• Europe