Key Words 1
What's the difference between TRADE and BARTER?
TRADE is to buy, sell, or exchange things especially using money while BARTER is to exchange different goods without using money.
large and hard to carry
BULKY
What country is mentioned as having used the ? rst metal coins?
China
___ coins appeared in China around 1000 B.C.
METAL
What did the Chinese coins usually have so that you could put them together and make a chain?
The Chinese coins had holes in them.
the act of making a new and useful thing
INVENTION
to buy, sell, or exchange things
TRADE
Silver coins started to be made in ___.
TURKEY
___ coins started to be made in what is now Turkey around 600 B.C.
SILVER
Where was the earliest known paper money developed?
CHINA
to exchange different goods without using money
BARTER
having the value or importance of something
WORTH
What is this passage mainly about?
how money was first created and developed
Before money was invented, people used the ___ ___ to get what they wanted.
BARTER SYSTEM
How did people buy things before money was invented?
They used the barter system.
using a computer or a computer system
DIGITAL
a situation where events happen at the same time
COINCIDENCE
What is another word for “improved” in this sentence?
The techniques for making coins were copied and IMPROVED by the Greek and Roman empires.
UPGRADED
Most countries use paper money, coins, and ___.
CREDIT CARDS
When were silver coins first made?
___ B.C.
600 B.C.
a [special] way of doing something
TECHNIQUE
The ____ of money solved the problems of the barter system.
INVENTION
Coins were heavy and bulky, so carrying lots of money was not easy. How did they solve this problem?
They created/developed paper money.
paper money was developed and used in China around A.D. 800, during the ___ ___
TANG DYNASTY
Why was money first invented?
It was to solve the problems of the barter system.