W. 7 TA3 Currency

What did people use for trade a thousand years ago?

• Coins

• Barter

• Credit cards

What is a disadvantage of bartering?

• It provides standard value

• It allows easy trade

• It lacks a standard value for products

What did early rulers use to create their own currencies?

• Virtual currencies

• Minted coins

• Barter systems

What is an example of a common currency introduced in recent years?

• Bitcoin

• The Euro

• Debit cards

What is the main advantage of a common currency?

• Increases exchange rates

• Easier trade between countries

• Promotes bartering

When were credit and debit cards introduced?

• Between 1950 and 1980

• In the 21st Century

• A thousand years ago

What do debit cards allow users to do?

• Trade with goods

• Pay directly from bank accounts

• Mint their own currency

What type of currency has gained popularity in the 21st Century?

• Coins

• Virtual currencies

• Barter

What is an example of a virtual currency?

• Bitcoin

• Euro

• Debit cards

What has become the primary method for in-shop purchases?

• Debit cards

• Bartering

• Virtual currencies