swb 29.04.2024

people who study money

• monists

• bankers

• economists

what does inefficient mean?

• not working well

• working well

owing someone something but you don't have enough to pay them back

• inflation

• debt

• economy

• trade

solely = only

• true

• false

sophisticated meaning

• interesting

• backward

• simple / plain

• complex / advanced

Before the creation of money, exchange took place in the form of...

• trade

• barter

• buying

• swap

what is barter?

• exchange of physical objects

• exchange of money

• exchange of words

• exchange of ideas

why did people barter?

• to get the goods and services they wanted

• to exchange things they had too much of for something else

• because they didn't have money yet

• all of the above

as time passed, why did the barter system start causing difficulties?

• not always simple

• people didn't have any more things to exchange

• can be tiring, confusing and inefficient

• difficult to divide physical objects

is bartering used today?

• yes

• no