What is it called when people trade goods directly without using money?
AnswerBarter
Bartering is swapping goods or services directly, a system used long before money existed.
Society · Facts & stats
Buy facts & stats
7 fact-checked facts about buying and shopping, each with the reason behind it. 5 more are in today's round and join this page after it closes.
The basics
What is a refund?
AnswerMoney returned to a buyer
A refund gives a buyer their money back, often after returning an item.
Going deeper
Who invented the wheeled shopping cart in 1937?
AnswerSylvan Goldman
Oklahoma City grocery store owner Sylvan Goldman introduced the folding shopping cart in 1937.
What does UPC stand for on product barcodes?
AnswerUniversal Product Code
UPC stands for Universal Product Code, the barcode system widely used on retail products in North America.
What is an auction called where the price starts high and drops until someone accepts it?
AnswerDutch auction
In a Dutch auction the price falls until a bidder accepts; an English auction rises as bidders outbid each other.
Expert level
The world's first widely used paper money was developed in which country?
AnswerChina
Paper money was first widely used in China, developing during the Tang dynasty and issued by government in the Song dynasty.
What was the name of the central marketplace and gathering place in ancient Greek cities?
AnswerAgora
The agora was the Greek marketplace and civic center; the forum was its Roman equivalent.
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