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9 week test

First 9 weeks

QuestionAnswer
commodity currency. currency that can be turned in for gold or silver coins.
Fiat currency. Currency that cannot be turned in for gold or silver.
What were the first forms of currency? The first forms of currency were sea shells.
Who made the first coins? The Lydians made the first coins.
Who made bit coins? The Spanish made bit coins.
What was bartering? Bartering was an exchange of goods.
Why is bartering not practical in today's society? It would take a long time to get what you wan or need.
What did the Egyptians use for currency during 2500 B.C.? They made metal rings that they used for currency.
Why were coins more desirable in the Western Countries? They had precious metals such as gold and silver.
What was one of the most widely used coins during the 18th century? The Spanish 8-reale coin.
How was change made with the Spanish 8-reale? It was often split into bits.
Who were the first people to use a form of a banknote? China's T'ang dynatsy.
What materials did the Chinese use to make their banknotes? They used mulberry bark and leather.
What is a value? A value is something you care about or something worth while.
What is a need? A need is something that you need for your survival.
What is a want? A want is something that you would like to have
what is a goal? A goal is something that you want to achieve in your life.
Created by: Adrian Keith