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Questions and Answers
What was the original meaning of the shekel?
Who were the first to introduce the use of gold and silver coins?
When were paper money or banknotes first used?
Study Notes
- Barter-like methods date back to at least 100,000 years ago.
- Non-monetary societies operated largely on gift economics and debt.
- Barter usually occurred between strangers or potential enemies.
- Many cultures around the world eventually used commodity as money.
- The shekel was originally a unit of weight and referred to a specific weight of barley.
- The Lydians were the first to introduce the use of gold and silver coins.
- Commodity money evolved into representative money.
- Paper money or banknotes were first used in China during the Song Dynasty.
- Paper money did not displace commodity money and was used alongside coins.
- Marco Polo's account of paper money during the Yuan Dynasty is the subject of a chapter.
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Description
Test your knowledge of the history of money with this fascinating quiz! From bartering to the introduction of paper money, explore the evolution of currency in different cultures and societies around the world. Discover how commodity money evolved into representative money, and learn about the first use of gold and silver coins. With interesting facts and trivia, challenge yourself to become a money history expert!
