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

Grade 7 Social Studies Worksheet

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. 1.

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

   • 12 coins, the price of cloth
   • 7 coins together
   • 5 coins
   • 2 coins, the price of bread
3. 2.

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

   • 24, by multiplying the prices
   • 2, the price of one loaf
   • 10, by taking 2 from 12
   • 6
4. 3.

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

   • Chengdu, in Song China
   • Lydia
   • Kilwa, on the Swahili coast
   • Florence, in Italy
5. 4.

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

   • Electrum
   • Copper and nothing else
   • Clay tokens
   • Paper, like the jiaozi of Chengdu
6. 5.

   When did jiaozi paper money appear, Milo asks?

   • The 600s BCE, with Lydia's coins
   • The 1000s CE
   • The 600s CE
   • 1397, with the Medici Bank
7. 6.

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

   • Paper notes were heavier to carry
   • Notes were lighter than coins
   • Notes were made of gold and silver
   • Coins could not count large sums
8. 7.

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

   • About 400 years, by subtracting
   • About 16,000 years
   • About 160 years
   • About 1,600 years
9. 8.

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

   • A coin has no value
   • A lump of metal is easier to use
   • Traders know what it is worth
   • Coins could buy bread and nothing else
10. 9.

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

    • Leave it: Lydia made paper money
    • Change it: Lydia made coins
    • Change "Lydia" to "Florence"
    • Change "money" to "pots"
11. 10.

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

    • Change "Electrum" to "Barter"
    • Change it: gold and silver
    • Leave it: electrum notes were printed in Chengdu
    • Change "paper" to "clay"