Quiz 1 Mid-term

The history of bartering can be traced back to -

• early humans

• 700 BC

• 6000 BC

The barter system was introduced by

• tribes of Mesopotamia

• the Phoenicians

• the Babylonians

It is believed that the first recognizable metal coin appeared in ____________.

___________ is the only global organization dealing with the rules of trade between nations.

GATT stands for -

• Geneva Agreement on Tariffs and Trade

• General Agreement on Tariffs and Trade

Who is the 7th director-general of WTO?

• Nyozi Okonjo-Iweala

• Ngozi Okonjo-Iweala

WTO is head quartered in _______________.

_________ was so valuable that the salary of Roman soldiers were paid in this.

• human skulls

• weapons

• food items

• salt

The advantage of bartering is that -

• (a) it does not involve money

• (b) it is very simple

• both (a) and (b)

The first region of the world to use an industrial facility to manufacture coin was in ____________.

• China

• Europe

• Lydia