18 Questions
Before the invention of money, people used a system known as bartering to exchange goods.
True
The word 'salary' has its origins in the Latin word for 'money'.
False
One of the first forms of money was a type of seashell called the cowry.
True
Many experts claim that the Lydians invented the first coins nearly 3000 years ago.
True
Paper money dates back to ancient Greece.
False
People have been using credit cards instead of money since the early 1900s.
True
What was one of the first forms of money according to the passage?
Cowry shells
Where did the ancient Romans use as a means of payment, according to the passage?
Salt
Who are often claimed to be the inventors of the first coins nearly 3000 years ago?
Lydians
What material did the Chinese start producing money from due to a shortage of copper?
Paper
What system did people use before the invention of money to exchange goods?
Bartering
What are consumers using instead of money since the early 1900s, according to the passage?
Credit cards
Before the invention of money, people primarily used the bartering system to exchange goods.
True
The word 'salary' has its origins in the Latin word for 'salt'.
True
The first recorded use of paper money goes back around 1300 years ago.
True
Consumers have been using credit cards instead of money since the early 1900s.
False
One of the first forms of money was actually a type of seashell, the cowry.
True
Many experts claim that the Lydians, people who lived in the part of the world that is now Turkey, invented the first coins nearly 3000 years ago.
True
Test your knowledge about the history of money and bartering with this quiz. Learn about the origins of money, the bartering system, and interesting facts about ancient forms of trade.
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