What is the barter system?
The Journey of Money and Currencies

Quiz
•
Social Studies
•
5th Grade
•
Easy
Nabeela Naseer
Used 6+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A method of exchanging information between countries
A system where currency is used for trade
The barter system is a method of exchange where goods and services are traded directly for other goods and services.
A way to store goods for future use
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did people trade before money existed?
People traded using a system of written contracts.
People traded through barter, exchanging goods and services directly without money.
People used coins made of metal for trade.
People relied on credit systems to exchange goods.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What were some common items used in barter?
Grains, livestock, tools, textiles, crafts
Jewellery
Coins
Spices
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When did coins first appear in history?
Around 500 BC
Around 500 CE
Around 300 BC
Around 1000 BC
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What materials were early coins made from?
Plastic, paper, glass, and rubber
Gold, silver, copper, and bronze
Wood, fabric, stone, and clay
Aluminum, tin, lead, and zinc
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which civilization is credited with creating the first gold coins?
Greeks
Lydians
Romans
Phoenicians
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did coins help improve trade?
Coins improved trade by providing a standardized medium of exchange, simplifying transactions and enabling trade over greater distances.
Coins were used primarily for decoration and had no impact on trade.
Coins made trade more complicated by requiring multiple exchanges.
Coins were only used in local markets and did not facilitate long-distance trade.
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