WH-Questions
Inferences
Vocabulary
100

Why did people stop using bartering? 

Because it was hard to agree on values and not everyone wanted what others had

100

Why do you think coins used in the past were valuable?

Coins made of gold and silver were used in the past.

100

People used to trade rice for other goods.

Bartering

200

What is “legal tender”?  

Money that must be accepted when paying for something.

200

Why coins were invented?

Cattle and tea were hard to carry and store.

200

What does alleviated mean? 

To make something less intense, severe or difficult. 

300

When were metal objects first used as money?

As early as 5,000 B.C.

300

Commodities like cattle and tea were used as money. What does this tell you about what people valued in the past? 

They valued useful everyday items.

300

What are commodities?

Basic items used by almost everyone, like salt, tea, cattle, and seeds

400

When did government gave money official value? 

 The first U.S. paper money was made legal in 1862.

400

Why was paper money was created?

Coins made of precious metals were hard to find and expensive.  

400

 What does “exchange” mean?

To give something and get something in return.

500

A farmer trades eggs for bread. What kind of exchange is this?  

Bartering.

500

People used to trade rice for other goods. What does this tell you about how people got what they needed before money?

They had to grow or make things to trade with others.

500

What does “fiat” mean in the phrase “fiat money”?

A Latin word meaning “let it be done”; money that has value because the government says so

M
e
n
u