History Of Money- Traditional Societies-Early Forms Of Money Flashcards
1
Q
What was the first form of money?
A
The first form money was cowry shells used in 1200bc in China
2
Q
What was thought to be original development of coins?
A
In 1000bc, china produced mock cowry shells that can be thought of as the original development of coins
3
Q
What were the earliest coins?
A
In about 500 bc pieces of silver were the earliest form of money these coins were first used in lydia turkey
4
Q
What was the first form of banknotes?
A
Leather banknotes were used in China in 118bc
