Bartering and Early Trade

Trading goods directly without money is called ____.

• farming
• bartering
• weaving
• banking

When people barter, they use coins to pay for goods.

• True
• False

What did a farmer trade to a fisher in the example?

• Pots
• Wheat
• Shoes
• Salt

Which good was valuable and carried long distances?

• Wool
• Salt
• Milk
• Baskets

Focusing on one main job or skill is called ____.

• banking
• bartering
• spoiling
• specialization

In a fair trade, both people can win.

• True
• False

What did herders trade?

• Coins
• Wheat and barley
• Pots and tools
• Sheep and wool

Bartering was easy because everyone always wanted what you had.

• True
• False

What were early money items that did not spoil?

• Milk
• Shells and beads
• Wheat and grain
• Fish and meat

Early people had shops and banks to get their goods.

• True
• False

People traded because no single ____ could make everything.

• desert
• ocean
• family
• country

What came after coins as money?

• Salt
• Paper money
• Beads
• Wool

The biggest problem with bartering is called the double coincidence of ____.

• coins
• goods
• wants
• trades

Where were the first coins believed to be made?

• Africa
• China
• Rome
• Lydia

About how long ago were the first coins made?

• 200 years
• 600 years
• 10,000 years
• 2,600 years