Understanding Money and Barter

What did people use before money was invented?

• Coins

• Barter (trade by exchange)

• Mobile phone

What is barter?

• Using a phone to buy things

• Trading goods for goods without using money.

• Using coins

What were cowries used for in the past?

• Decoration

• As food

• As money

Which of the following is an example of money used today?

• Cowries

• Coins and paper notes

• Yams

Which of the following came first?

• Coins

• Barter

• Paper money

Which of these can be used today to buy something?

• Stones

• Cowries

• ATM Card

What is the use of money?

• To play games

• To buy goods and services

• To read stories

Which country first made paper money?

• Nigeria

• China

• America

What do we learn from China about money?

• That it can be made from toys

• That money helps people trade easily

• That money can be eaten

What is one thing we still use today that started in China?

• Candy

• Paper money

• Television