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The History of Money

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

Where did the first banknotes appear?

a)

China

b)

USA

c)

Japan

d)

Spain

2.

What is the definition of barter?

a)

to visit another country with friends

b)

to change clothes and buy new ones

c)

to exchange resources or services for mutual advantage

d)

to buy an elephant and an orange

3.

What materials were used to make the first metal coins?

a)

aluminium, gold and rock

b)

broze, gold or silver

c)

broze, gold and rock

d)

iron, spiderman and gold

4.

What is likely to happen to money in the future?

a)

Physical currency will disappear and we will use digital cash.

b)

physical currency will disappear and we will use cowrie shells.

c)

Physical currency will stay the same and the internet will disappear.

5.

In the past, what would a person do if they tried bartering a camel and that person doesn't want it?

a)

Go find burgers

b)

Give up and not try anymore

c)

try to give two camels

d)

They would have to find what they needed

6.

People in China had holes in their money for what reason

a)

to make liter

b)

for a design

c)

to keep on a rope

d)

symbolism

7.

Which was the first country to make paper money?

a)

USA

b)

Canada

c)

Germany

d)

China

8.

Where does the money come from when you use a debit card?

a)

Bank

b)

space

c)

government

d)

accounts

9.

Throughout their history people have used different things _____ money.

a)

as

b)

for

c)

to

d)

is

10.

Now people carry _____ in their wallets instead of cash.

a)

coins

b)

shells

c)

livestock

d)

credit cards

11.

With your credit card you can take money from the _____ at any time you need it.

a)

atm

b)

store

c)

market

d)

cashier

12.

The cowrie shell, were traded as money in places like ...

a)

China, Thailand, and Indonesia

b)

Africa and Malaysia

c)

Thailand and India

d)

Indonesia and India

13.

2,000 years ago when the first coins appeared, ____________ were probably the first places to use metal coins.

a)

America

b)

Europe

c)

China, Greece and India

d)

Korea

14.

In Europe, paper money began as “bank notes.” The first bank notes were made in Sweden, in ________.

a)

1999

b)

1888

c)

2021

d)

1661

15.

The U.S.A. has American _________, and the United Kingdom has British pounds.

a)

rupee

b)

rupiah

c)

dollar

d)

ringgit