WorksheetsEvolution of Money Quiz
Total questions: 10
Worksheet time: 5mins
What did ancient accountants in Sumer use to keep track of farmers' crops and livestock?
Leather pouches
Metal coins
Wooden sticks
Baked clay tokens
What was the first universal currency used by humans?
Silver
Gold
Bronze
Cowrie shells
Where were the first coins created around 2,700 years ago?
China
India
Egypt
Lydia
What type of money were ancient coins considered to be?
Fiat money
Virtual money
Commodity money
Credit money
What led to the development of large-scale trade networks in ancient times?
Creation of metal coins
Invention of paper currency
Discovery of new trade routes
Introduction of credit cards
What did investors in London coffeehouses underwrite in the 1600s?
Religious pilgrimages
Artists and musicians
Traders and colonists heading to the New World
Scientific research expeditions
What was the earliest form of paper currency used as?
Bank notes
Receipts for gold or silver coins
Stock certificates
Government bonds
What event led to the concept of fiat money?
Realization that notes are not redeemable for gold
Realization that gold is not valuable
Realization that notes are more valuable than gold
Realization that notes are easily counterfeited
What emerged as an alternative to cash in the 20th century?
Credit cards
Cowrie shells
Bitcoin
Gold coins
What is Bitcoin?
Official government currency
Virtual Internet currency
Credit card company
Commodity money
