money origins part 1

According to some theories, what is the difference between money and currency?

• Money is tangible, while currency is intangible

• Money is the physical representation, while currency is the concept

• Money is the intangible concept, while currency is the physical representation

• Money and currency are identical

What is the basic form of money?

• Coins

• Plastic cards

• Paper banknotes

• Numbers

What is the basic form of currency?

• Paper banknotes

• Coins

• Numbers

• Plastic cards

What is the purpose of money?

• To communicate the price of goods

• All of the above

• To store wealth

• To make trading products and services easier

What is the value of money dependent on?

• The physical representation of currency

• The number of banknotes in circulation

• The importance people place on it as a medium of exchange

• The material used to create coins

What is money valuable as?

• A storehouse for wealth

• All of the above

• A unit of account

• A medium of exchange

What was used before the introduction of money?

• Bartering

• Credit cards

• Banknotes

• Coins

What were some of the early forms of currency?

• All of the above

• Weapons

• Animal skins

• Salt

What was the advantage of introducing money?

• Increased social status

• Increased availability of resources

• Increased value of goods

• Increased speed of business

Where was the world's oldest known coin minting site located?

• China

• Greece

• United States

• Lydia