WorksheetsEconomy: from barter to modern trade
Total questions: 15
Worksheet time: 8mins
Before money was invented people exchanged whatever they had.
Barter is a system of exchange where participants in a transaction directly exchange goods or services for other goods or services without using money.
The first official coins started in modern-day Pakinstan.
Coins spread rapidly in the 6th century AD.
International commerce started with the Florin.
Marco Polo got to know paper money when travelling to India.
In Europe, the concept of banknotes was first introduced during the 13th century AD , with European banknotes appearing in 1661 in Sweden.
Diners Club issues the credit card in 1946.
The European Union was the first economic group adopting a single coin.
Pound sterling is the new 'single currency' of the European Monetary Union.
Bitcoin is the first decentralized digital currency.
You can only use bitcoins in Europe.
Bitcoins are kept in your digital wallet on your computer or mobile device.
Miners provide security and confirm Bitcoin transactions.
Bitcoins are transferred directly from person to person via the net without going through a bank.
