Q.4. Read the following passage and answer the question given below. [7]
We all need money to buy things and to pay people who work for us. But
what is ‘money’? Who invented ‘money’? Today, we see money in the form of
coins and notes. These are the coins and notes we use in India. But different
countries use different coins and notes. Their money is known by different names.
In the United States, they use $ dollars. In England, they use £ pounds. But
long, long ago, people did not use coins and notes. They exchanged one thing for
another. This was known as ‘barter’. It may seem unbelievable but long ago people
even used special stones as money!
People also used bricks of salt, shells and cowries as money in the past.
Paper money was first used in China about 1000 years ago.
1. Give meanings: 1] barter [1]
2. Answer in one word: a] Where was paper money first used? [2]
b] What is the currency of the United States?
3. Give antonyms: 1] buy X 2] use X [2]
4. Why do we need money? [1]
5. What was known as barter?
Answers
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Answer:
meaning of barter : To exchange products , goods
2. paper money was first used in China
b ] currency of US is dollars
3) 1. buy x sell 2. use x harm
4) we use money for means of payment for goods etc..
5) barter was an old process for exchange of goods
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