
Barter System
Authored by Alyssa Arbening
Business
University
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20 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What was one of the earliest forms of exchange between human groups?
Bartering of goods and services
Currency-based trade
Online auctions
Credit-based systems
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What was a common item used for barter in Roman times due to its high value?
Wheat
Salt
Pottery
Fur
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which civilization is believed to have introduced the barter system?
Phoenicians
Babylonians
Mesopotamians
Egyptians
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What was a major disadvantage of the barter system?
Involvement of money
No legal system to support it
High taxation on goods
Difficulty finding someone with matching needs
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
How did early humans initially satisfy their needs before the barter system?
They used currency
They traded only with family members
They consumed what was available without trade
They used precious metals
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
In ancient times, which region developed a sophisticated barter system involving spices, weapons, and food?
Egypt
Babylonia
Mesopotamia
Greece
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What event during the Middle Ages helped expand bartering beyond local exchanges?
European global travel and trade
The invention of coins
The introduction of paper money
Rise of online markets
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