The History of Money

Think about the proverb - Money doesn t grow on trees - meaning that

• Money is abundant and easy to find.
• We should spend money freely without worry.
• Money grows naturally in the environment.
• Money must be earned and is not easily acquired.

Bartering is the system of

• exchanging goods or services directly
• renting services for a fee
• donating items to charity
• selling goods for money

The proverb No need to cry over spilt milk means

• Don't waste time worrying about things that cannot be fixed.
• Spilled milk can be reused if cleaned properly.
• Always keep milk in a safe place.
• It's important to cry when you make a mistake.

What was the first system of currency ---

• Commodity money, followed by metal coins in Lydia.
• Cowrie shells was used as currency and introduced in China

• Digital currency created in the 21st century
• Bartering system used in ancient Egypt

What is an entrepreneur

• A government official managing public funds
• Someone who works for a large corporation
• An entrepreneur is a person who starts and runs a business, taking on financial risks in the hope of profit.
• A person who only invests in stocks

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The idom - to be worth ones salt - means

• To be deserving of one's pay or competent in one's job.
• To be recognized for one's appearance.
• To be skilled in multiple trades.
• To be highly valued in society.

The use of paper money was invented in what country and century

In todays global economy , exchanging money is done

• through digital ( electronic ) transactions and various payment methods

• through cash transactions only
• via traditional bank transfers only
• using barter systems exclusively

The proverb a penny saved is a penny earned signifies

• Saving money is a waste of time.
• Earning money is more important than saving.
• A penny spent is a penny lost.
• Saving money is equivalent to earning money.