10 Questions
What was one of the main limitations of the bartering system?
Lack of common unit of value
What type of objects did various societies begin using as a base for trade?
Objects with an accepted value
What were cowrie shells used for in ancient times?
As a form of money
Which civilization introduced coins as a form of money?
Lydians in Turkey
What revolutionized trade with the introduction of coins?
Providing a standardized unit of value
Name a precious metal used in the production of the first coins.
Gold and silver
What aspect of cowrie shells made them suitable for trade?
Easy transportability
What problem did the lack of a common unit of value in bartering create?
Difficulty in trading
How did coins impact the system of trade?
Provided a widely accepted unit of value
What did the introduction of coins bring to trade?
Portability and standardization
Test your knowledge on the evolution of money systems from bartering to digital currencies. Explore how societies transitioned from trading goods to using coins and paper money. Learn about the limitations of bartering and the significance of money in human civilization.
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