According to the text, what helped ancient merchants exchange goods over large distances?
The rise of digital payment
Banking laws
Money’s convenience
Gold mining
What does the passage say about the dangers of moving money and goods?
It led to bandits and pirates
It was done only by kings
It was done without any risk
It was always safe
What does the word “bearer” in “bearer of money” mean in the passage?
The person who holds it
The person who hides it
The person who makes it
The person who sells it
What is an example of a transaction mentioned in the text?
Building a new temple
Mining for gold
Transferring value from one person to another
Writing a book about money
What did investors in 1600s London coffeehouses do to support voyages to the New World?
Trade cowrie shells
Sell coins
Underwrite traders and ships
Travel themselves
According to the passage, what was the main advantage of paper bills?
They were produced by Sumerians
They could be exchanged on demand for gold or silver
They looked like shells
They were colorful
In the passage, one piece might signify a measure of grain. What does “signify” mean here?
To buy or sell
To collect or save
To mean or represent
To eat or consume
What were the small pieces of baked clay used by ancient accountants in Sumer?
Coins used for trade
Paper money
Tokens to keep track of goods
Gold bars
Why are cowrie shells described as “durable”?
They were made of metal
They broke easily
They were used as paper money
They could be easily cleaned and counted
What is the main idea of the entire passage?
How to make gold coins
The evolution of money from ancient tokens to modern systems
The history of pirates and trade routes
Why paper bills are colorful
Where are the roots of modern methods of payment found according to the passage?
Greek temples
Roman coins
Egyptian gold
Sumerian tokens
Which term in the text means “something you can touch or feel”?
Policy
Convenience
Tangible
Bearer
Why did bankers shift from storing gold to paper bills?
They lost the gold
They wanted to collect taxes
Storing large quantities of coins was inconvenient
They disliked gold
What made cowrie shells valuable to the ancient Chinese?
They could be melted into coins
They were rare stones from mountains
They were prized for beauty as jewelry
They grew on trees
What did Lydians do to make their irregular coins recognizable?
They painted them bright colors
They stamped an image to indicate weight and value
They shaped them like shells
They only used gold