Решение задачи по тексту 'Glimpses of History of Money'

Ниже представлены ответы на вопросы по тексту "Glimpses of History of Money", подготовленные для записи в тетрадь. 1. What commodities served as money in the past? In the past, many different commodities served as money, such as cattle, sheep, furs, leather, fish, tobacco, tea, salt, and shells. 2. What are the requirements of a commodity to serve as money? To serve effectively as money, a commodity should be fairly durable, easily divisible, and portable. 3. Why did precious metals start to serve as money? Precious metals started to serve as money because none of the earlier commodities possessed all the necessary qualities (durability, divisibility, and portability) at once. 4. What precious metal was used first to serve as money? Silver was the first precious metal used to serve as money. 5. What precious metal was used then? Gold was used as money after silver. 6. How did coins come into existence? Coins came into use when people started cutting metal into pieces of definite weight instead of weighing it out for every payment. 7. How did paper banknotes come into existence? Paper money first appeared as receipts given by goldsmiths for deposits of silver and gold. When goldsmiths became bankers, these receipts became banknotes. 8. What coins are called silver? Bigger denomination coins made from cupronickel are usually called silver. 9. What are coppers? Coppers are smaller denomination coins made from bronze.