WorksheetsMoney and Its History
Total questions: 14
Worksheet time: 13mins
What is a requirement for something to be considered money?
It must be made of metal like gold or silver.
It must be a form of paper currency.
It must be agreed upon by everyone for its value.
It must be a bead made of shell.
What was one of the earliest forms of money used by Native Americans in North America?
Paper currency
Wampum made of shell
Livestock like goats and cows
Digital currency
Before the use of money, how did people in ancient civilizations acquire goods they needed or wanted?
By finding items in nature
By bartering or trading goods with others
By using credit cards
By writing promissory notes
What was the primary reason people invented money?
To create valuable coins and paper
To avoid bartering
To collect different types of metals
To make tools
Which kingdom is believed to be the first to manufacture coins?
The Roman Empire
The Greek Empire
The kingdom of Lydia
The Chinese Empire
What are the advantages and disadvantages of using money instead of bartering? Support your answer with evidence from the article.
In the 1900s, what change occurred regarding paper money?
It was backed by gold and silver
It was no longer used
It became valuable on its own, not representing gold or silver
It was replaced by electronic money
What is the jiaozi mentioned in the text?
A type of metal coin
The world's earliest paper money
A bartering tool
A Roman currency
How did the introduction of paper money revolutionize trade in ancient China?
It made trade slower and more cumbersome.
It allowed for larger transactions without the need for heavy coins.
It was less trusted than metal coins, leading to a decline in trade.
It had no significant impact on trade practices.
Why did ancient societies move away from bartering to using currency?
Because currency could only be used in local transactions.
Because bartering was more efficient for large transactions.
Because currency provided a common value for goods, making trade easier.
Because the use of currency was mandated by religious leaders.
(a) is the word that means "having lots of something"
(a) is a major factor in deciding a nation's wealth (according to the warm up video).
According to the video, which country was the happiest in all of Asia?
Japan
India
Bhutan
Singapore
Why does Bhutan have such a high rate of happiness? What reason does the warm up video give?
