Quiz on Johan Palmstruch and Paper Currency

What significant transition did Palmstruch's bank mark?

• From coins to paper notes

• From barter to coins

• From gold to silver

• From checks to digital payments

What was one of the outcomes of Palmstruch's innovations in trade?

• Easier trade and commerce

• Increased taxation

• Decreased trade routes

• Limited currency circulation

What are the benefits of transitioning to digital currency mentioned in the text?

• Slower transactions

• Increased transaction fees

• Quicker, safer, and more efficient transactions

• More complex transactions

How do digital currencies promote financial inclusion?

• By reducing internet connectivity.

• By providing access to banking services through mobile phones.

• By increasing cash handling costs.

• By limiting access to digital literacy.

How does blockchain technology impact supply chains according to the document?

• Increases costs

• Reduces transparency

• Enhances security

• Decreases efficiency

What is the main goal of international organizations collaborating on digital trade standards?

• To increase trade barriers

• To promote interoperability and reduce barriers

• To limit global cooperation

• To create inconsistent trade practices

What year is highlighted in the document for the future of digital trade?

• 2025

• 2026

• 2027

• 2028

How are international trade agreements evolving?

• By reducing the importance of digital content

• By accommodating the rising importance of digital content and intellectual property

• By eliminating intellectual property rights

• By simplifying global trade processes