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The History of Money and Rise of Complex Economies

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is the MOST likely profile of a person during the time of the gift economy?

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1. Why was barter likely NOT the basis of the economy?

2. How does a commodity economy differ from a gift economy?

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About This Quiz & Worksheet

Test your knowledge of the history of money and rise of complex economies with these resources. To pass the quiz, you'll have to understand how economies first got their start and what it involved.

Quiz & Worksheet Goals

Students will be tested on:

  • Basis of the earliest form of economy
  • Reasons bartering was likely never an economic basis
  • Advantages of commodity economies
  • Why authority figures started to issue seals
  • When coins first appeared
  • Disadvantages of coins

Skills Practiced

  • Knowledge application - use your knowledge to answer a question about the date in history that coins appeared
  • Interpreting information - verify you can read information regarding bartering and interpret it correctly
  • Distinguishing Differences - compare and contrast topics from the lesson, such as commodity and gift economies

Additional Learning

The History of Money and Rise of Complex Economies is the related lesson that can give you more details. This lesson will help you:

  • Describe the benefits that came with the introduction of bartering
  • Appreciate the advantages of commodity economies
  • Know the pros and cons of coins in an economy
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