Page 55 - Key to Social Studies 3 (Workbook)
P. 55
Exchange in the Market
4 Answer the following questions.
1. How did people exchange products before the creation of money?
2. Why did people invent money?
3. What is the difference between barter and money? And which is better?
4. Why do people save their money?
5. How do banks encourage people to save their money?
5 Fill in the blanks using the following words.
accepted banks goods budget plan money
Before inventing , people created a system for trading called
“barter,” which means exchanging their and services with other
goods and services. Then, people invented money to be for
exchanging their goods and services together.
People started to save their money for future use and encouraged
them by paying interest on the amount saved. People can make a
which helps them understand what they can buy and how much they can save.
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