The History of Money
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Resource Description
A short introduction video to the History of Money and important key terms
SELF- SUFFICIENT |
maintain oneself or itself without outside aid |
BARTERING |
exchange (goods or services) for other goods or services without using money. |
NOMADIC |
roaming about from place to place |
COMMODITY MONEY |
Commodity money is money whose value comes from a commodity of which it is made. Commodity money consists of objects having value or use in themselves as well as their value in buying goods |
COINS |
a flat disc or piece of metal with an official stamp, used as money. |
GOLDSMITHS |
a person who makes gold articles |
PROMISSORY NOTES |
a signed document containing a written promise to pay a stated sum to a specified person or the bearer at a specified date or on demand. to |
ISSUER |
a person or company that supplies or distributes something |
PAYEE |
a person to whom money is paid or is to be paid, especially the person to whom a cheque is made payable. |