Quiz for Viewpoints 12.2: Circulating Paper Money

Select the best answer. Click Submit for each question to turn in your work.

Question

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Correct: The answer is c. The system was meant to facilitate the exchange of worn notes, at the same time that it prevented counterfeiting and fraud.
Incorrect: The answer is c. The system was meant to facilitate the exchange of worn notes, at the same time that it prevented counterfeiting and fraud.
1. What provisions did the Yuan Code of 1291 make for the replacement of worn-out paper notes?

Question

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Correct: The answer is b. According to Marco Polo, the Chinese accepted paper money “without hesitation, because, wherever their business may call them, they can dispose of it again in the purchase of merchandise they may require.”
Incorrect: The answer is b. According to Marco Polo, the Chinese accepted paper money “without hesitation, because, wherever their business may call them, they can dispose of it again in the purchase of merchandise they may require.”
2. Marco Polo’s description of the Chinese system of paper money suggests which of the following?

Question

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Correct: The answer is b. Both documents present the paper money system as promoted and regulated by the government.
Incorrect: The answer is b. Both documents present the paper money system as promoted and regulated by the government.
3. Which of the following is supported by the account of Marco Polo and by the Yuan Code of 1291?

Question

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Correct: The answer is c. The lack of faith in the paper money system led to economic collapse in Tabriz.
Incorrect: The answer is c. The lack of faith in the paper money system led to economic collapse in Tabriz.
4. Why did the effort to establish a paper money system in Tabriz fail?

Question

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Correct: The answer is a. Acknowledging his failure, Sadr al-Din allowed Tabriz to return to its previous monetary system.
Incorrect: The answer is a. Acknowledging his failure, Sadr al-Din allowed Tabriz to return to its previous monetary system.
5. How did Sadr al-Din respond to the failure of the paper money system in Tabriz?