History of Money

Where did the first banknotes appear?

• China

• Japan

• USA

• Spain

What are Wampum made from?

• small rocks

• seahorses

• clam shells

• rope

What is the definition of barter?

• to visit another country with friends

• to exchange resources or services for mutual advantage

• to change clothes and buy new ones

• to buy an elephant and an orange

Are an apple and an orange of similar value?

• yes

• no

Are an elephant and a carrot of similar value?

• yes

• no

What problems could occur when swapping goods in the past?

• the food could go rotten

• the items were very smelly

• some things were heavy and difficult to move

• the food was made of gold

True or False?

Cowrie shells were used as currency in China in 1200B.C.

• True

• False

What materials were used to make the first metal coins?

• aluminium, gold and rock

• shell, paper and silver

• iron, spiderman and gold

• iron, lead and copper

In Turkey they used precious metals to make coins. What are precious metals?

• paper and plastic

• bronze, iron and wood

• silver, aluminium and paper

• bronze, silver and gold

Is an exchange of a cow for 3 bags of wheat fair?

• yes

• no