Money and Its History

Quiz
•
English
•
7th Grade
•
Medium
+24
Standards-aligned
Linnea Emick
Used 8+ times
FREE Resource
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a requirement for something to be considered money?
It must be made of metal like gold or silver.
It must be a form of paper currency.
It must be agreed upon by everyone for its value.
It must be a bead made of shell.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was one of the earliest forms of money used by Native Americans in North America?
Paper currency
Wampum made of shell
Livestock like goats and cows
Digital currency
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Before the use of money, how did people in ancient civilizations acquire goods they needed or wanted?
By finding items in nature
By bartering or trading goods with others
By using credit cards
By writing promissory notes
Tags
CCSS.RI.7.5
CCSS.RI.6.5
CCSS.RI.8.5
CCSS.RI.5.5
CCSS.RI.9-10.5
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the primary reason people invented money?
To create valuable coins and paper
To avoid bartering
To collect different types of metals
To make tools
Tags
CCSS.RI.7.5
CCSS.RI.6.5
CCSS.RI.8.5
CCSS.RI.5.5
CCSS.RI.4.5
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which kingdom is believed to be the first to manufacture coins?
The Roman Empire
The Greek Empire
The kingdom of Lydia
The Chinese Empire
6.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the advantages and disadvantages of using money instead of bartering? Support your answer with evidence from the article.
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7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the 1900s, what change occurred regarding paper money?
It was backed by gold and silver
It was no longer used
It became valuable on its own, not representing gold or silver
It was replaced by electronic money
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