Page 117 - CT&AI_CLasa_7_Part_1
P. 117
social studies
From Barter to
11 Money
computational thinking quest
Tick ( ) the correct option. 4. Which pattern can be identified in the
AbsTrAcT Thinking evolution of money forms?
1. Which inference best explains why barter (a) Movement from heavy and less
failed as societies expanded? convenient forms to lighter and
efficient forms.
(a) People preferred coins over goods.
(b) Shift from digital to physical
(b) Increasing complexity of needs systems.
made direct exchange impractical. (c) Decrease in trade efficiency over
(c) Governments banned barter time.
systems. (d) Elimination of all physical
(d) Goods lost their value completely. exchange.
2. Which abstract conclusion best explains the 5. Observe the picture and identify the most
importance of “common denomination”? appropriate interpretation of the transaction
shown.
(a) It reduces production cost.
(b) It allows comparison of value
across goods and services.
(c) It increases supply of goods.
(d) It eliminates need for trade.
PATTern recogniTion
3. Which pattern is observed in the problems of
the barter system? (a) Exchange of goods without any
(a) All problems relate to government medium.
control. (b) Use of digital money enabling
(b) Most issues arise due to absence instant bank-to-bank transfer.
of standardisation and flexibility. (c) Payment through paper currency
(c) Only transportation was a
challenge. issued by banks.
(d) Only storage caused difficulty. (d) Barter system using commodities.
From Barter to Money 115
