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The history of money

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  • At the present time there are no currencies backed by gold. True or False?
    True
  • The first paper currencies were used in The USA. True or False?
    False (China)
  • The euro was first introduced in 1980. True or False?
    False (1999)
  • Befare coins, silver, shells and other metals were used in trade. True or False?
    True
  • Coins were first introduced about 700BC. True or False?
    True
  • The dallar is the oldest currency in the world. True or False?
    False (pund sterling)
  • Gold bars were the earliest farm of currency. True or False?
    True
  • Cattle were used as a medium of exchange befare money was invented. True or False?
    True
  • Banks were invented after coins. True or false?
    False
  • Coins were first used because they were easier to carry. True or False?
    True
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