A colonist in New England traded furs that he trapped for some new pots and pans.
A colonist in New England bought lumber with metal coins.
A colonist in the Middle colonies bought fish with paper money.
A colonist borrowed grain in the South and promised to pay it back when his crop grew.
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The example that highlights the use of specie is:
A colonist in New England bought lumber with metal coins.
Specie refers to money in the form of coins that are made of precious metals, such as gold or silver. The use of metal coins signifies the use of specie as a medium of exchange.
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