【Intheearlieststagesofman’sdevelopmenthehadnomoreneedofmoneythananimalshave.Hewascontentwithverysimpleformsofsheltermadehisownroughtoolsandweaponsandcouldprovidefoodandclothingforhimselfandhisfami】
Intheearlieststagesofman’sdevelopmenthehadnomoreneedofmoneythananimalshave.Hewascontentwithverysimpleformsofsheltermadehisownroughtoolsandweaponsandcouldprovidefoodandclothingforhimselfandhisfamilyfromnaturalmaterialsaroundhim.Ashebecamemorecivilizedhoweverhebegantowantbettersheltermoreefficienttoolsandweaponsandmorecomfortableandmorelastingclothingthancouldbeprovidedbyhisownneighborhoodorbytheworkofhisownunskilledhands.Forthesethingshehadtoturntotheskilledpeoplesuchassmithsleatherworkersorcarpenters.Itwasthenthatthequestionofpaymentarose.
Atfirsthegotwhathewantedbyasimpleprocessofexchange.Thesmithwhohadnotthetimetolookafterlandorcattlewasgladtotakemeatorgrainfromthefarmerinexchangeforanaxeoraplough.Butasmoreandmoregoodswhichhadnofixedexchangevaluecameonthemarketexchangebecametoocomplicatedtobesatisfactory.Anotherproblemarosewhenthosewhomadethingswantedtogetstocksofwoodorleatherorironbuthadnothingtoofferinexchangeuntiltheirfinishedgoodswereready.
Thusthedifficultiesofexchangeledbydegreestotheinventionofmoney.Insomecountrieseasilyhandledthingslikeseedsorshellsweregivenacertainvalueandthefarmerinsteadofpayingthesmithforanewaxebygivinghimsomemeatorgraingavehimsomanyshells.Ifthesmithhadanyshellsleftwhenhehadboughthisfoodhecouldgetstocksoftherawmaterialsofhistrade.Insomecountriesquitelargethingssuchascowsorcamelsorevenbigflatstoneswereusedfortrade.Laterpiecesofmetalbearingvaluesaccordingtotherarityofthemetalandthesizeofthepiecesorcoinswereused.Moneyasweknowithadarrived.
1.Exchangeofgoodsbecamedifficultbecause_________.
A.manbecamemorecivilized
B.smithsbegantolookafterlandorcattleintheirsparetime
C.moreandmoregoodswhichhadnofixedexchangevaluescametothemarket
D.farmershadn’tenoughgrainormeattoprovideforskilledworkers
2.Moneywasnotuseduntil_______.
A.paperwasinvented
B.peoplepracticedasimpleprocessofexchange
C.nothingcouldbeofferedinexchange
D.theexchangeofonethi