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The History of Banking and Currency

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Questions and Answers

Which of the following was a problem with the barter system?

It required a safe place to store coins

It relied on coins of various sizes and metals

It only allowed for the exchange of goods

It required people to travel from town to town (correct)

What did wealthy people in Rome do to store their coins and jewels?

They used ancient homes with secure storage

They stored them in the basements of temples (correct)

They kept them in steel safes

They hired armed guards to protect them

Which of the following did temples in ancient Greece, Rome, Egypt, and Babylon do?

They only loaned money

They functioned as financial centers (correct)

They were ransacked during wars

They only kept money safe

What was one reason why temples were often ransacked during wars?

<p>They were financial centers of their cities</p> Signup and view all the answers

What did the minting of coins provide for trade?

<p>A store of value for trade</p> Signup and view all the answers

The History of Banking and Currency

Choose a study mode

Podcast

Questions and Answers

Which of the following was a problem with the barter system?

What did wealthy people in Rome do to store their coins and jewels?

Which of the following did temples in ancient Greece, Rome, Egypt, and Babylon do?

What was one reason why temples were often ransacked during wars?

What did the minting of coins provide for trade?

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