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The Origins of Trade
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The Origins of Trade

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Questions and Answers

What is the primary method of exchange in the original form of trade?

  • Direct exchange of commodities or services (correct)
  • Trading with metals
  • Using paper money
  • Exchanging goods for other goods of similar value

    • Why did the importance of trade activity increase?

  • Due to the invention of paper money
  • Owing to the decline of bartering
  • As a result of increased consumption and demand (correct)
  • Because of the scarcity of metals

    • What was frequently used in bartering before the invention of paper money?

  • Paper money
  • Commodities
  • Metals (correct)
  • Services

    • What is the primary characteristic of bartering?

    <p>The direct exchange of goods or services</p> Signup and view all the answers

    What is the result of increased consumption and demand?

    <p>An increase in the importance of trade activity</p> Signup and view all the answers

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