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WorksheetsWhat is money?
Total questions: 10
Worksheet time: 5mins
The process of directly exchanging one good or service for another.
Trade
Bartering
Market
Metals were used as money for at least
2000 years
4000 years
1000 years
Coined metal or paper money upon which a government has impressed its stamp to designate its value is known as
Credit
Currency
Money
Today, most paper money is called
Fiat money
Credit money
Electronic money
In past, paper money used to be backed by
Gold and silver
metals
wood
To avoid the difficulties of barter , (a) evolved.
The first people to introduce the use of gold and silver coins were the
Chinese
British
Lydians
Many (a) communities took metals as their standard of value.
The currency used in UAE is
Dollar
Euro
Dirham
The new invention of money that appeared about 300 years ago is
paper currency
gold coins
silver coins
