Bartering

What was the main problem with the barter system?

• Double coincidence of wants was required

• It was too simple to use

• People didn't like trading goods

• It used too many resources

What is the primary advantage of using currency over bartering?

• It's more colorful

• It serves as a standard medium of exchange

• It's easier to carry

• It never loses value

Which words from the article best help the reader to understand the meaning of the word bartering?

• A

• B

• C

• D

Why did people start to use gold and silver for bartering?

• A

• B

• C

• D

What is bartering?

• Trading goods and services without using money

• Saving money in a bank

• Using coins to buy goods

• Using paper money to buy services

When you trade things for other things without using money.

• payment

• considered

• magnificent

• barter

What did people do before money?

• They would shop.

• They would get sick.

• They would barter.

• They went to school.

Bartering involves...

• exchange of fish

• exchange of common goods

• an exchange that happens between two sailors

• presenting a gift to someone you love

What do Bard and the Elf King use to barter with Thorin?

• The Arkenstone

• The threat of force (war)

• Food to survive the winter

• Service in the form of helping repair the mountain

What idea is presented in both articles?

• A

• B

• C

• D