A Brief History of Money - Slides

By definition, what is money something that has?

• A fixed shape

• A color

• A value

• A size

Which of the following has NOT been used as money historically?

• Salt

• Cattle

• Plastic

• Shells

What is a modern form of money mentioned in the text?

• Electronic currency

• Stone currency

• Feather currency

• Tobacco currency

What is bartering?

• The use of money to purchase goods and services

• The exchange of one resource or service for another

• A type of currency used in colonial America

• A modern system of online trading

Which of the following examples illustrates bartering as it might have occurred in the past?

• A man buying a spear with gold coins

• A woman trading a handful of blueberries for sandals

• A person selling a painting for cash

• A store giving a discount on products for members

Why was bartering common in colonial America?

• Because there was an abundance of goods to trade

• Because people preferred to trade services instead of using money

• Because there wasn't much money

• Because bartering was mandated by law

What items were used as currency in colonial America instead of dollar bills?

• Wheat, musket balls, wampum

• Gold coins, silver coins, bronze coins

• Checks, promissory notes, bonds

• Credit vouchers, debit cards, gift cards

What does "bucks" refer to in the context of colonial America?

• Dollar bills

• Skins of male deer

• A type of currency

• A form of bartering

How did students pay for tuition in the early years of Oxford and Harvard?

• With credit scores

• With cash only

• With goods like lumber, food, and livestock

• With student loans

Until around what year were resources such as livestock and grain used as money for many societies?

• 1000 BC

• 2000 BC

• 3000 BC

• 4000 BC