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Questions and Answers
What was the problem with barter system?
What was the problem with barter system?
- It required a middleman for the exchange
- It was too easy to counterfeit goods
- Both parties had to want what the other had at the same time (correct)
- It was too difficult to transport goods
What was the first form of money used in ancient China?
What was the first form of money used in ancient China?
- Gold coins
- Bronze knives
- Cowrie shells (correct)
- Silver bars
When did the use of paper money start in China?
When did the use of paper money start in China?
- During the Ming Dynasty
- During the Han Dynasty
- During the Qin Dynasty
- During the Tang Dynasty (correct)
