El Menu QURZ
From Barter to Bitcoin
Read the excerpt from "From Barter to Bitcoin."
Drag the conclusion that can be made from the
information in the excerpt into the box.
Conclusion
Using money has become even more convenient
since the mid-twentieth century. Charge cards came
into use in the 1950s, allowing buyers to "buy now, and
pay later." The first charge cards required cardholders
to pay the entire balance every month. Later, credit
cards allowed customers to pay their bills over time.
with added interest.
People use debit cards most because they
work just like cash, and one does not incur
debt when using them.
Personal checking accounts have been around since
the eighteenth century. In the 1980s, those accounts
became more convenient with the introduction of the
debit card. A debit card allows account holders to use
their money without writing a check. Today, debit
cards are the most common method of payment that
people use.
Debit cards have replaced charge cards to
prevent people from spending more than
they can afford.
The newest type of virtual money is cryptocurrency. It
does not exist in the real world. Buyers and sellers use
it to make transactions online.
Cryptocurrency is a type of virtual money that
is quickly replacing debit and charge cards.
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