Origins
Vocabulary
Currency
Economy
100
What ancient people used small clay pieces to keep track of financial deals?
The people of ancient Sumer (Sumerians)
100
What word describes the act of making fake money?
Counterfeiting
100
What currency is used in most of Europe?
The Euro
100
What word describes the increase in cost of buying things?
Inflation
200
What did the ancient Chinese use to make payments?
Cowrie shells
200
The payment of money for services or goods is sometimes called this.
A transaction
200
Which country was the first to use paper money ?
China
200
What do you call raw materials that are bought, sold or traded on world markets?
Commodities
300
About 2,700 years ago, the Lydians started to use what metal to make coins?
Gold
300
What do you call the result of blending of two or more metals together?
An alloy
300
Whose face is now on the 1,000yen bill?
Shibasaburo Kitasato
300
When two or more countries agree to import and export goods with no trade barriers.
Free trade
400
What Greek city introduced banks to trade foreign money?
Corinth
400
What does ATM stand for?
Automatic Teller Machine
400
This cryptocurrency started in 2009.
Bitcoin
400
This is a plan that helps a person, company or government calculate how much they will earn and spend over a period of time.
A budget
500
By the 1700s, the world shifted from using coins to what kind of money?
Paper money or banknotes
500
What do you call a secure place where valuable things like gold bars are stored?
A vault
500
What happens to worn out bank notes in Japan ?
returned to the Bank of Japan ,Shredded and recycled into other products (toilet paper )incinerated
500
This phrase describes the situation in Japan from 1986 to 1991 when prices rose very quickly and then crashed in 1992.
Bubble economy