Coins

Question 1

What are the advantages of currency?

Answer 1

A trader could sell her basket work for eg. and then use that currency to buy wool. She wouldn’t have to look for a trader who wanted her basket work and selling wool.

Question 2

What did early forms of currency include?

Answer 2

Receipts that represented stored commodities such as grain and other currency forms like cowrie shells,ivory and metal ingots.

Question 3

What did traders use metals such as gold,silver and copper as currency?

Answer 3

Because metal lasted longer.

Question 4

Traders exchanged ______ quantities of those metals for _______ that soon developed into ______.

Answer 4

Standardized
Commodities
Coins

Question 5

How did they know coins were the correct weight and value? And what else did they indicate?

Answer 5

They were stamped. The country or area of origin.

Question 6

What did countries have to do to solve the problems of knowing the correct value of something? (During bartering)

Answer 6

Develop a currency

Question 7

What does money represent or stand for?

Answer 7

Commodities

Question 8

what can traders do now?

Answer 8

A trader could exchange commodities for currency.

Question 9

Since when have traders been using coins?

Answer 9

Since the time of Ancient Greece.

Question 10

Since when have Indian traders used coins for?

Answer 10

As far back as 6BCE