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

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