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

Grade 7 Social Studies Worksheet - Challenge Me

Circle the best answer.

2. 1.

   What does a trader carry when paying with a bill of exchange, Luz asks?

   • A written order
   • Electrum bars
   • Heavy metal that can be lost or stolen
   • Strings of coins on a cart
3. 2.

   What risk does the table give for carrying coins, Milo asks?

   Use the picture in question 1.

   • They are paid out by a banker far away
   • They are written orders
   • They grow lighter each day
   • They can be lost or stolen
4. 3.

   Which box in Pia's chain has two causes leading into it?

   Use the picture in question 1.

   • Bills of exchange in Italy
   • Flying money in Tang China
   • The Medici Bank in 1397
   • No box has two causes leading in
5. 4.

   In which centuries did bills of exchange take on their main features in Italy, Ren asks?

   Use the picture in question 1.

   • The 1900s
   • The 1200s to 1400s
   • The 600s BCE, with Lydia's coins
   • The 700s, with flying money
6. 5.

   Which sentence about bills of exchange is careful, Zee asks?

   Use the picture in question 1.

   • Bills of exchange came before coins
   • Italy invented them from nothing in 1397
   • The Medici invented money itself
   • Earlier notes came before Italy's bills
7. 6.

   The Medici Bank was "the largest and most respected" in Europe. When, Ari asks?

   Use the picture in question 1.

   • In its prime
   • For each year from 1397 to today
   • Before it was founded
   • In the 700s
8. 7.

   Why would a written order be safer than carrying coins, Bo asks?

   Use the picture in question 1.

   • Paper cannot be lost, ever
   • Bankers paid traders twice
   • Coins can be stolen and spent
   • Coins weighed nothing
9. 8.

   Esme's note says, "Flying money came from Italy." Which fix is right?

   Use the picture in question 1.

   • Change "Flying" to "Heavy"
   • Change "money" to "grain"
   • Change "Italy" to "Tang China"
   • Leave it: Italy made the first notes
10. 9.

    Jun's note says, "A bill of exchange is a bag of coins." Which fix is right?

    Use the picture in question 1.

    • Change "bill" to "bank"
    • Change it: a written order to pay
    • Change "coins" to "pots"
    • Leave it: bills were bags of electrum
11. 10.

    Kira's note says, "The Medici Bank opened in the 700s." Which fix is right?

    Use the picture in question 1.

    • Leave it: it opened with flying money
    • Change "Bank" to "Market"
    • Change it: it was founded in 1397
    • Change "Medici" to "Lydia"