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The Evolution of Money
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The Evolution of Money

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Questions and Answers

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?

  • Gold coins
  • Bronze knives
  • Cowrie shells (correct)
  • Silver bars

    • 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)

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