Bartering
This is trading goods instead of using money.
What is bartering?
These shells were used as early currency in China.
What are cowrie shells?
Paper money was lighter than carrying this.
What are coins?
Today many people use these cards to buy things digitally.
What are credit or debit cards?
A place where food and goods are bought and sold.
What is a marketplace?
The goat herder wanted to trade this for rope.
What is goat milk?
This country first used paper money in the 10th century.
What is China?
Paper money first represented these valuable metals in the bank.
What are gold and silver?
Money exchanged electronically is common in today’s __________ economy.
What is a global economy?
Goods being sold are called this.
What is merchandise?
The rope merchant did not want this item.
What is milk?
Metal coins first appeared in China around this time.
What is 1000 B.C.?
This country first used European paper money.
What is Sweden?
A digital purchase is called this.
What is a transaction?
Managing the production and distribution of goods and services is called this.
What is an economy?
Bartering could sometimes be difficult because people did not always want the same things.
True
Coins were stamped with designs to show this.
What is their worth or value?
Italy began using paper money about this many years later after Sweden.
What is 90 years later?
This proverb reminds people to save money wisely.
What is “A penny saved is a penny earned”?
A person who takes business risks to make money.
What is an entrepreneur?
In the story, goats were too valuable to trade for rope because they were this.
What is the goat herder’s source of income?
People liked coins because they were easier to carry than this animal.
What is a goat?
People can tell the value of paper money by looking at this.
What are the numbers printed on it?
Modern money can exist on a computer screen without using actual this.
What is paper money?
Using money to try to earn more money later is called this.
What is invest?