Unit 4 study guide Flashcards
1
Q
Describe barter and its challenges
A
(def): Where goods and services are exchanged directly.
Challenges: - Double coincidence of want
2
Q
Describe primitive forms of money
A
- Tea leaves (China)
- Cheese (Russia)
-Animal pelts (Americas)
3
Q
Describe the history of money in the American colonies and the early U.S. government
A
3
Q
Give a quick history of how the dollar came about.
A
4
Q
What is a “specie”?
A
5
Q
Name and describe the four characteristics of money.
A
5
Q
A
6
Q
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7
Q
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8
Q
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9
Q
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9
Q
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10
Q
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10
Q
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11
Q
A
