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 grow lighter each day
- They can be lost or stolen
- They are written orders
- 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 trader's own family at home
- A potter in exchange for pots
- A banker in another city
- The ruler of Lydia
Which box in Pia's chain has two causes leading into it?
Use the picture in question 1.
- The Medici Bank in 1397
- No box has two causes leading in
- Bills of exchange in Italy
- Flying money in Tang China
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 700s, with flying money
- The 1200s to 1400s
- The 600s BCE, with Lydia's coins
Where was the Medici Bank founded, Tala asks?
Use the picture in question 1.
- Florence
- Lydia, home of early coins
- Venice
- 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
- Italy invented them from nothing in 1397
- Bills of exchange came before coins
- Earlier notes came before Italy's bills
The Medici Bank was "the largest and most respected" in Europe. When, Ari asks?
Use the picture in question 1.
- Before it was founded
- In its prime
- 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
Kira's note says, "The Medici Bank opened in the 700s." Which fix is right?
Use the picture in question 1.
- Change "Medici" to "Lydia"
- Change it: it was founded in 1397
- Change "Bank" to "Market"
- Leave it: it opened with flying money