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Expert Advanced Unit 8

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  • Before coins, silver, shells and other metals were used in trade
    True
  • The euro was first introduced in the 1980s
    False
  • Coins were first used because they were easy to carry
    True
  • The dollar is the oldest currency in the world
    False
  • Banks were invented before coins
    True
  • Cattle were used as a medium of exchange before money was invented
    True
  • The first paper currencies were used in China
    True
  • Coins were first introduced about 600 BC
    True
  • Gold bars were the earliest form of currency
    True
  • At the present time there are no currencies backed by gold
    True
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