English, asked by karthik102933, 7 months ago

Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.
Consider the American Indians using Wampum, West Africans trading in decorative metallic objects called Manillas, and the Fijians economy based on whale's teeth, some of which are still legal tender; add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number of stones including jade and quartz, which have all been used for trade across the world, and we get a taste of the variety of accepted currency.
There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thing for a community to do.
After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The idea is really inspired, which might explain why so many diverse minds came up with it. Once the money is accepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers".
"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance," said President James Madison.
Money, money, money, it's always just been there, right? Wrong. Obviously, it's issued by the government to make it easy for us to exchange things. Wrong again!
Truth is, most people don't realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.

On the basis of your understanding of the passage, answer ANY TEN questions from the twelve that follow.

What is fascinating and almost magical?

Convention of Accountants

Evolution of Money

Yawning

All of the above

What is unique about the development of money?

It can be traced back to a source

It has an inventor

It appeared in unconnected places in a similar way

It was developed in ancient civilisation

Which currencies did the West African use?

Manillas

Wampum

Whale's Teeth

Decorative Feathers

What is still a legal tender in the Fijian Economy?

Cattle

Jade and Quartz

Shells and Ivory

Whale's Teeth

What is something charming and childlike to imagine?

Use of colourful forms of money

People living in Primitive Societies

Our ancestors agreeing on common values

All of the above

Who are the "Money Changers"?

People who loan out money

People who manipulate the quantity of money

People who produce money

All of the above

What did President James Madison say about the money changers?

They use violent methods to maintain control over the issuance of money.

They change money from time to time.

They work under the government's control.

They are polite and peaceful people.

Who controls the issuance of money?

Government

Money Changers

President James Madison

Kings and their ministers

What is meant by the word, 'concentration'? (para 1)

conference

fair

wave

competition

What is meant by the word, 'fascinating'? (para 2)

beautiful

valuable

attractive

republic

What is meant by 'convenience'?

comfort

escape

clown

transport

What is meant by the word, 'Intrigue'?

plot

interest

interval

fear

Answers

Answered by nikhil108879
12

LET ME SHOW YOU.

1) All of the above

2) It can be traced back to a source

3) Manillas

4) Jade and Quartz

5)All of the above

6) All of the above

Explanation:

These answers I know otherwise try it yourself

Answered by sreddha1708
3

Answer:

1Evolution of money

2It appeared in unconnected places in a similar way

3Manillas

4Whale's Teeth

5Use of colourful forms of money

6All of the above

7They use violent methods to maintain control over the issuance of money

8Money changers

10Valuable

11Comfort

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