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Grade 7 · Social Studies

7th grade How money makes trading easier: coins, paper money and banks worksheet

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How money makes trading easier: coins, paper money and banks

Grade 7 Social Studies Worksheet

NameDate

Circle the best answer.

  1. Read this first

    A day's shopping (example data)

    (an example, made up for practice), columns Good | Price: a loaf of bread | 2 coins; a pot | 5 coins; a roll of cloth | 12 coins. Then, below the table: Cause and effect chain "From coins to paper money": [1] about the 600s BCE: Lydia makes some of the oldest coins, of electrum, a mix of gold and silver; [2] coins spread as a way to pay; [3] the 1000s CE: paper money called jiaozi appears in Chengdu, China, under the Song dynasty; [4] paper notes replace heavy strings of coins for large sums. Arrows: 1 → 2, 2 → 3, 3 → 4.

  2. In Bo's example table, how much does a pot cost?

    • 12 coins, the price of cloth
    • 5 coins
    • 7 coins together
    • 2 coins, the price of bread

  3. How much more does a roll of cloth cost than a pot, Esme asks?

    • 70 coins
    • 5 coins, the pot's price
    • 7 coins
    • 17 coins together

  4. How many loaves of bread cost the same as a roll of cloth, Jun asks?

    • 6
    • 24, by multiplying the prices
    • 2, the price of one loaf
    • 10, by taking 2 from 12

  5. Where were some of the oldest coins made, Kira asks?

    • Lydia
    • Chengdu, in Song China
    • Kilwa, on the Swahili coast
    • Florence, in Italy

  6. What were Lydia's coins made of, Luz asks?

    • Copper and nothing else
    • Electrum
    • Paper, like the jiaozi of Chengdu
    • Clay tokens

  7. Why were paper notes useful for large sums, Noah asks?

    • Notes were made of gold and silver
    • Paper notes were heavier to carry
    • Notes were lighter than coins
    • Coins could not count large sums

  8. How many years passed from the 600s BCE to the 1000s CE, roughly, Pia asks?

    • About 160 years
    • About 16,000 years
    • About 400 years, by subtracting
    • About 1,600 years

  9. Why might a set coin be easier to use than a lump of metal, Ren asks?

    • Traders know what it is worth
    • Coins could buy bread and nothing else
    • A coin has no value
    • A lump of metal is easier to use

  10. Tala's note says, "Paper money was invented in Lydia." Which fix is right?

    • Change it: Lydia made coins
    • Change "Lydia" to "Florence"
    • Change "money" to "pots"
    • Leave it: Lydia made paper money

  11. Zee's note says, "Electrum is a kind of paper." Which fix is right?

    • Change "paper" to "clay"
    • Change it: gold and silver
    • Change "Electrum" to "Barter"
    • Leave it: electrum notes were printed in Chengdu
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7th grade How money makes trading easier: coins, paper money and banks worksheet – printable
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About this worksheet

How money makes trading easier: coins, paper money and banks. Every version has 10 questions, and the answer key prints on the second page.

What your child will learn

  • I can explain barter's double coincidence of wants with a made-up three-trader table, and name money's three jobs.
  • I can follow money from Lydia's electrum coins (about the 600s BCE) to Song China's jiaozi (1000s CE), and work out prices and spans that cross BCE and CE.
  • I can explain how notes and bills of exchange moved money safely over long distances, from Tang China (700s) to Italy (1200s–1400s) and the Medici Bank (1397).

Standard: D2.Eco.5.6-8

Common mistakes

Your child read the wrong row of the chart. Find the row's name first, then read across.

Your child gave one reason when several worked together. Look for each reason in the chart.

Your child chose a claim that says more than the evidence shows. Keep the claim as small as the evidence.

Questions parents ask

What is the most common mistake with how money makes trading easier: coins, paper money and banks?

Your child read the wrong row of the chart. Find the row's name first, then read across.

Are these 7th grade social studies worksheets free to print?

Yes. All 6 printable versions at each level are free to print, with the answer key, and no account is needed.

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