Comprehension Questions What is barter Why did ... - JSS1 English Language Week 5 Question

Answers to the Comprehension Questions on Currency:

1. Barter is a system of trading goods directly, without using money.
2. People moved away from bartering because it became inconvenient. It wasn't always easy to find someone who wanted what you had and had something you wanted in return.
3. Two examples of early forms of currency are:
   Salt: It was valuable for preserving food and easy to transport.
   Cowrie shells: These shells were rare and considered valuable in many cultures.
4. The advantage of coins over other early forms of currency is that they have a guaranteed value stamped on them. This makes trading easier because everyone knows exactly how much a coin is worth.
5. Paper money was first used in China around 700 AD.
   
   
6. Currency has changed over time from bartering goods to using coins, paper money, and now even electronic forms of payment like credit cards and digital wallets.