Exploring the Evolution of Money

What was the primary method of trade before the invention of money?

• Using credit cards

• Online banking

• Bartering goods and services

• Using cowrie shells

Why was bartering found to be challenging?

• It was too modern

• Items had to be of similar value

• Everyone preferred gold

• It was too easy

Which country first started using cowrie shells as money?

• India

• China

• Greece

• Egypt

What was a significant drawback of using gold as currency?

• It was too common

• It was too light

• It was not valuable

• It was too heavy

What innovation made gold easier to use for transactions?

• Credit cards

• Stamped coins

• Cowrie shells

• Banknotes

What were the earliest types of banknotes?

• Credit card statements

• Receipts from goldsmiths

• Gold bars

• Cowrie shells

When were credit cards invented?

• In the 1700s

• In the 1800s

• In the 1950s

• In the 2000s

What is a major feature of modern money?

• It is only in paper form

• It is primarily in coin form

• It is mostly invisible

• It is linked to gold

How has the internet impacted money transactions?

• Stopped them completely

• Allowed for transactions without being physically present

• Made them unnecessary

• Made them slower

What does the future of money likely hold?

• Continued evolution and change

• Return to bartering

• Elimination of all currency

• Sticking to gold coins