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Quiz 1 Mid-term

Total questions: 11

Worksheet time: 7mins

Name
Class
Date
1.

The history of bartering can be traced back to -

a)

early humans

b)

700 BC

c)

6000 BC

2.

The barter system was introduced by

a)

tribes of Mesopotamia

b)

the Phoenicians

c)

the Babylonians

3.

It is believed that the first recognizable metal coin appeared in (a)   .

4.

(a)   is the only global organization dealing with the rules of trade between nations.

5.

GATT stands for -

a)

Geneva Agreement on Tariffs and Trade

b)

General Agreement on Tariffs and Trade

6.

Who is the 7th director-general of WTO?

a)

Nyozi Okonjo-Iweala

b)

Ngozi Okonjo-Iweala

7.

WTO is head quartered in (a)   .

8.

_________ was so valuable that the salary of Roman soldiers were paid in this.

a)

human skulls

b)

weapons

c)

food items

d)

salt

9.

The advantage of bartering is that -

a)

(a) it does not involve money

b)

(b) it is very simple

c)

both (a) and (b)

10.

The first region of the world to use an industrial facility to manufacture coin was in ____________.

a)

China

b)

Europe

c)

Lydia

11.

NFC means

a)

national field communication

b)

near field communication