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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)

The Evolution of Money

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Questions and Answers

What was the problem with barter system?

What was the first form of money used in ancient China?

When did the use of paper money start in China?

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