Chapter 1 Flashcards
0
Q
What was the original need for money?
A
To measure the value of of agriculture procuced for buying and selling.
1
Q
When did money first appear?
A
At least 5,000 years ago.
2
Q
What was the first civilization to develop money?
A
Mesopotamian, around 3,000 BC
3
Q
How was the value of money derived be the Mesopotamians?
A
Gay the gold and silver from which it was made.
4
Q
What is the world’s oldest bank?
A
Ban a Monte die Paschi di Siena Founded in 1472 Italy's 3rd largest bank 3,000 branches 4.5 million customers
5
Q
When is the 19th century?
A
January 1, 1801 – December 31, 1900
6
Q
When is the 18th century?
A
The 18th century lasted from January 1, 1701 to December 31, 1800
7
Q
When is the 17th century?
A
The 17th century was the century that lasted from January 1, 1600, to December 31, 1699
