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Money Facts

Identify key money terms associated with their descriptions.


AB
moneyitem/commodity used in trade
WampumNative American money; beaded shells
ContinentalsAmerica's original bucks
DracmaGreek coins
Lydiansfirst people the Western world to use coins
Spanish 8-realecoin broken into "bits"
Broken notes/ wildcatsworthless notes issued by banks
greenbacksUS money with security markings and a green color
Federal reserve notesdominant form of paper currency in USA
$100 billthe largest currency note in circulation
$10,000 billlargest bill ever circulated in the USA
bartertrade; exchange of resources or services
cattlefirst and oldest form of money
cowriethe most widely and longest used currency in history
Chinafirst to manufacture coins from base metals and later, paper money
commodity moneycoins containing precious metals
representative moneytokens or pieces of paper that can be exchanged for a commodity
fiat moneytokens or pieces of paper that cannot be redeemed for a commodity
3 purposes of moneymedium of exchange, standard of value, store of value
leatherfirst documented banknote made from deerskin
potlacha ceremony where gifts are exchanged and rituals are performed; Native American ceremony
goldstandard of value in England in 1816
digital cashthe future in electronic money
modern coinagemade from precious metals with more value