Question
Refer to the article “From Barter to Bitcoin” in your Money, Money, Money magazine for a complete version of this text.
Based on the information in “From Barter to Bitcoin,” one can conclude that paper currency was introduced as a more convenient form of currency than coins.
Which detail from the text best supports this conclusion?
Responses
“Much later, Chinese traders used copper coins with holes in the center for carrying them on a string.”
“Much later, Chinese traders used copper coins with holes in the center for carrying them on a string.”
“The florin made it much easier for European countries to trade with each other.”
“The florin made it much easier for European countries to trade with each other.”
“Instead of a huge shipment of coins, a paper voucher could guarantee future payment for business conducted over great distances.”
“Instead of a huge shipment of coins, a paper voucher could guarantee future payment for business conducted over great distances.”
“Even the earliest Chinese paper money carried stamped seals designed to prevent counterfeiting.”
“Even the earliest Chinese paper money carried stamped seals designed to prevent counterfeiting.”
Based on the information in “From Barter to Bitcoin,” one can conclude that paper currency was introduced as a more convenient form of currency than coins.
Which detail from the text best supports this conclusion?
Responses
“Much later, Chinese traders used copper coins with holes in the center for carrying them on a string.”
“Much later, Chinese traders used copper coins with holes in the center for carrying them on a string.”
“The florin made it much easier for European countries to trade with each other.”
“The florin made it much easier for European countries to trade with each other.”
“Instead of a huge shipment of coins, a paper voucher could guarantee future payment for business conducted over great distances.”
“Instead of a huge shipment of coins, a paper voucher could guarantee future payment for business conducted over great distances.”
“Even the earliest Chinese paper money carried stamped seals designed to prevent counterfeiting.”
“Even the earliest Chinese paper money carried stamped seals designed to prevent counterfeiting.”
Answers
Answered by
GPT-4o mini
The detail from the text that best supports the conclusion that paper currency was introduced as a more convenient form of currency than coins is:
“Instead of a huge shipment of coins, a paper voucher could guarantee future payment for business conducted over great distances.”
This statement highlights the convenience of using paper currency over coins, particularly for long-distance transactions.
“Instead of a huge shipment of coins, a paper voucher could guarantee future payment for business conducted over great distances.”
This statement highlights the convenience of using paper currency over coins, particularly for long-distance transactions.