History of Money and Bartering Quiz

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Questions and Answers

Before the invention of money, people used a system known as bartering to exchange goods.

True (A)

The word 'salary' has its origins in the Latin word for 'money'.

False (B)

One of the first forms of money was a type of seashell called the cowry.

True (A)

Many experts claim that the Lydians invented the first coins nearly 3000 years ago.

<p>True (A)</p> Signup and view all the answers

Paper money dates back to ancient Greece.

<p>False (B)</p> Signup and view all the answers

People have been using credit cards instead of money since the early 1900s.

<p>True (A)</p> Signup and view all the answers

What was one of the first forms of money according to the passage?

<p>Cowry shells (B)</p> Signup and view all the answers

Where did the ancient Romans use as a means of payment, according to the passage?

<p>Salt (D)</p> Signup and view all the answers

Who are often claimed to be the inventors of the first coins nearly 3000 years ago?

<p>Lydians (A)</p> Signup and view all the answers

What material did the Chinese start producing money from due to a shortage of copper?

<p>Paper (D)</p> Signup and view all the answers

What system did people use before the invention of money to exchange goods?

<p>Bartering (B)</p> Signup and view all the answers

What are consumers using instead of money since the early 1900s, according to the passage?

<p>Credit cards (A)</p> Signup and view all the answers

Before the invention of money, people primarily used the bartering system to exchange goods.

<p>True (A)</p> Signup and view all the answers

The word 'salary' has its origins in the Latin word for 'salt'.

<p>True (A)</p> Signup and view all the answers

The first recorded use of paper money goes back around 1300 years ago.

<p>True (A)</p> Signup and view all the answers

Consumers have been using credit cards instead of money since the early 1900s.

<p>False (B)</p> Signup and view all the answers

One of the first forms of money was actually a type of seashell, the cowry.

<p>True (A)</p> Signup and view all the answers

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.

<p>True (A)</p> Signup and view all the answers

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