How money makes trading easier: coins, paper money and banks
Grade 7 Social Studies Worksheet - Challenge Me
Circle the best answer.
What does a trader carry when paying with a bill of exchange, Luz asks?
- A written order
- Strings of coins on a cart
- Heavy metal that can be lost or stolen
- Electrum bars
What risk does the table give for carrying coins, Milo asks?
Use the picture in question 1.
- They are written orders
- They grow lighter each day
- They can be lost or stolen
- They are paid out by a banker far away
Who pays out the money on a bill of exchange, Noah asks?
Use the picture in question 1.
- The ruler of Lydia
- A banker in another city
- A potter in exchange for pots
- The trader's own family at home
Where was the Medici Bank founded, Tala asks?
Use the picture in question 1.
- Florence
- Venice
- Lydia, home of early coins
- Chengdu, home of the jiaozi
Which sentence about bills of exchange is careful, Zee asks?
Use the picture in question 1.
- The Medici invented money itself
- Earlier notes came before Italy's bills
- Bills of exchange came before coins
- Italy invented them from nothing in 1397
The Medici Bank was "the largest and most respected" in Europe. When, Ari asks?
Use the picture in question 1.
- In its prime
- Before it was founded
- For each year from 1397 to today
- In the 700s
Why would a written order be safer than carrying coins, Bo asks?
Use the picture in question 1.
- Coins can be stolen and spent
- Paper cannot be lost, ever
- Bankers paid traders twice
- Coins weighed nothing
Esme's note says, "Flying money came from Italy." Which fix is right?
Use the picture in question 1.
- Change "Flying" to "Heavy"
- Change "Italy" to "Tang China"
- Leave it: Italy made the first notes
- Change "money" to "grain"
Jun's note says, "A bill of exchange is a bag of coins." Which fix is right?
Use the picture in question 1.
- Change it: a written order to pay
- Change "bill" to "bank"
- Leave it: bills were bags of electrum
- Change "coins" to "pots"
Kira's note says, "The Medici Bank opened in the 700s." Which fix is right?
Use the picture in question 1.
- Change it: it was founded in 1397
- Leave it: it opened with flying money
- Change "Medici" to "Lydia"
- Change "Bank" to "Market"