Reading and answers the question:
In ancient times wealth was measured and exchanged tangibly, in things1. Which of the following would be the most appropriate title for the passage?
that could be touched : food, tools, and precious metals and stones.
Then the barter system was replaced by coins, which still had real
value since they were pieces of rare metal. Coins were followed by
5 fiat money, paper notes that have value only because everyone agrees
to accept them.
Today electronic monetary systems are gradually being introduced that
will transform money into even less tangible forms, reducing it to
10 arrays or " bits and bytes " or units of computerized information,
whizzing between machines at the speed of light. Already, electronic
fund transfer allows money to be instantly sent and received by different
banks, companies, and countries through computers and telecommunications
2. According to the passage, which of the following was the earliest kind of exchange of wealth?
3. The author mentions food, tools and precious metals and stones together because they are all
4. According to the passage, coins once had real value as currency because they
5. Which of the following statements about computerized monetary systems is NOT supported by the passage?