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MONEY THEN AND NOW 1 Before you read. 2 Read the text:
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3. Write 10 questions to the text.
1. May you be surprised to learn that there have always been lots of methods of payment?
2. This system of exchange was called barter, wasn’t it?
3. Who manages to solve these problems?
4. When did they introduce coins made of fixed amount of gold and silver?
5. Did business become much easier or more difficult?
6. Did coins last for a long time?
MONEY THEN AND NOW
1 Before you read.
2 Read the text:
When you buy something these days, you have many ways of paying for it. Just think of them! However, you may be surprised to learn that there have always been lots of methods of payment. Long ago, people used to exchange one thing for another - an ox or a cow for rise or grain, for example. This system of exchange was called barter, bud there were lots of problems. Well, how many bags of rice would you give for a cow? And how would you carry the bags? People manages to solve these problems. In the 7th century B.С. they introduced coins made of fixed amount of gold and silver. Business became much easier, because people could now exchange money for things they required. Coins lasted for n long time, but they are heavy, and so eventually, governments solved the problem by introducing banknotes, so cash became easier and lighter to carry.
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