Page 47 - Key to Social Studies 4

Trade and Exchange

4 Mark true or false.

a. Allows payment without using physical money 1. People used to trade goods for goods.

b. Exchanging goods and services with other a. paper money b. checks c. barter
goods and services
c. Exchanging something for something else 2. Paper money was issued in .
a. the United States b. Rome c. China
d. Having the power of control

e. Direct written order to a bank to pay 3. Online payments can be processed using .

a. cash b. coins c. credit cards

4. The first coins were made of gold.

a. 44% b. 54% c. 58%

5. Other than trading, obsidian was used to make .

a. buildings b. tools c. coins

5 Answer the following questions.

1. What is trade? Why is trade important?

2. How did barter work?

3. How did technology affect trade?

4. What was the first paper currency? How was it used?

5. How was trade spread around the world?

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