Usborne Money Reading for Beginners - Banknotes

The main problem with coins was that people often needed lots of them to pay for ​ (a)   things.

• Cheap
• expensive
• beautiful
• shiny

What did bankers in China offer to solve the coins' problem?

• They gave the people some coins if they need.

• They helped people store their coins in secure vaults.

• They arrested all the robbers.

Jiaozi were the world's first banknotes.

• True.

• False

China was the first country to create Jiaozi because they had ______ ways of making paper and printing.

Why weren't Jiaozi perfect?

• They were only used by not many people.

• They were so difficult to copy.

• They were easier to copy than coins.

• Everyone could use them.

Every Chinese Bank issued the same design of Jiaozi.

• True.

• False

Choose the correct sentences about Jiaozi.

• They are paper receipts to show how much coins people had stored.

• Only the first owner of the Jiaozi could collect the coins from the bank.

• Who ever had the receipt could collect the coins

• People could use it to pay for things.

For how many years were Jiaozi abandonded?

Which country started using the gold standard in 1816?

• Canada

• England

• France

• Japan

Which country started using the gold standard in 1854?

• Canada

• England

• France

• Japan