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BE5 UNIT 4 CONTENT CONNECTION

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  • When did paper money begin in Europe?
    Paper money began in Europe almost 1,000 years ago as "bank notes," with the first bank notes made in Sweden in 1661.
  • How were coins made in ancient times?
    Coins were made by heating small amounts of metal and then putting a seal on them (Greece) or putting a hole in the middle (India and China
  • What do most people use today to buy things?
    Most people use coins, paper money, or credit cards to buy things.
  • What materials were the first coins made from?
    The first coins were made from expensive metals like bronze, silver, or gold.
  • Why did paper money start to be used in China?
    Paper money started to be used in China because carrying around a lot of heavy coins wasn’t very practical.
  • Why is it useful to know about different currencies when traveling abroad?
    It’s useful to know about different currencies because you can understand how much one unit of a certain currency is worth in another currency.
  • Which countries were the first to use metal coins?
    China, Greece, and India were the first countries to use metal coins.
  • When did the first coins appear?
    The first coins appeared about 2,000 years ago.
  • Which countries used shells as money?
    Shells were used as money in places like China, Thailand, India, and some countries in Africa
  • What did people use as money about 3,000 years ago?
    About 3,000 years ago, people started using things like shells from the ocean (e.g., cowrie shells) as money.
  • What did people do about 10,000 years ago instead of using money?
    bout 10,000 years ago, people farmed and grew food, and they mostly used bartering, exchanging goods like livestock and grain.
  • What is bartering?
    Bartering is when people exchange goods instead of using money.
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