Trade | Baamboozle - Baamboozle | The Most Fun Classroom Games!

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What is the difference between trade and barter?

Money

Trade is exchanging goods for other goods without using money.

False

What is the meaning of trade?

Buying and selling goods and services using money.

Why paper money is invented?

Answers are correct

Who invented paper money?

Chinese

what are these? and what are they used for?

Cowrie shells, it used as money to buy goods and services.

Why people invented money?

Because it has fixed value.

Why barter trade is ineffective?

Because the goods doesn't have the same value.

Do we still trade using barter system?