History of Money and Bartering

Why couldn’t Kitty get a toy from the toy shop?

• The toy shop was closed.

• Dr. Binocs forgot his wallet.

• Kitty didn't have enough toys.

• The toys were too expensive.

Which example of bartering was mentioned in the video?

• Trading a toy for a friend's toy.

• Buying a bicycle with money.

• Selling board games for cash.

• Exchanging a video game for a new bicycle.

What do we call trading goods or services without using money?

• Selling

• Bartering

• Investing

• Lending

How long did the bartering system stay the same and work well?

• A few years

• A decade

• Centuries

• A millennium

What was one big problem with the bartering system?

• It was too fast.

• It was too complex for simple transactions.

• Some goods were hard to trade, and it was hard to decide their value.

• People always had what others wanted.

What qualities did people think a better way to trade should have?

• It should be heavy and difficult to copy.

• It should be useful to everyone, easy to measure, easy to make again, and easy to keep.

• It should be used only for big purchases.

• It should spoil easily and be one of a kind.

Which items did ancient people ( người cổ đại) use as early money around 1200 BCE?

• Paper bills and credit cards.

• Metallic coins and digital currency.

• Cowrie shells, beads, and stones.

• Gold bars and silver ingots.

Why were cowrie shells, beads, and stones good for trading?

• They were very large and rare.

• They were small, easy to carry, easy to trade, and worth about the same.

• They were difficult to find and reproduce.

• They were only used by a few specific cultures.

When did metal coins ( tiền xu bằng kim loại) first appear?

• Around 600 CE

• Around 1200 BCE

• Around 600 BCE

• Around 1900 CE

In which ancient kingdom in today’s Turkey did metal coins first appear?

• Egypt

• China

• Lydia

• India