The Evolution of Paper Money: From Ancient Chinese Notes to Modern Currency - (Reading > Information)
The Evolution of Paper Money: From Ancient Chinese Notes to Modern Currency
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Read the following message.
A. The history of paper money dates back to ancient China during the Tang Dynasty (618-907 CE), where the firsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
Decide which paragraph, (A) to (D), has the information given in each statement below. Select (E) if the information is not given in any of the paragraphs.
1 .... - The first paper money was created to replace gold coins. 2 .... - Paper money was initially used as proof of deposit by traders. 3 .... - Sweden's first attempt at paper currency was unsuccessful. 4 .... - Digital payments have completely replaced paper money in most countries. 5 .... - The gold standard system is still used by several major economies. 6 .... - Modern banknotes are more resistant to wear and tear than their predecessors. 7 .... - The spread of paper money to Europe was facilitated by commercial routes. 8 .... - Early Chinese paper money was preferred because it was easier to transport. 9 .... - Security features in banknotes were first introduced in the 20th century.