Homo sapiens, the first modern humans, evolved from their early hominid predecessors between 200,000 and 300,000 years ago. They developed a capacity for language about 50,000 years ago. The first modern humans began moving outside of Africa starting about 70,000-100,000 years ago.
To describe the characteristics of currency with the statements provided, the answers are...
- Currencies can vary from nation to nation.
Think of the style of currency within the United States, we have dollar bills, quarters, nickels, dimes, pennies, etc. In other countries such as Germany for example, they use a type of currency known as "Euros".
- Currencies are divisible and have denominations.
These denominations within the United States include: Pennies (1 cent), Nickels (5 cents), Dimes (10 cents), Quarters (25 cents), and the Native American Dollar Coin (1 dollar).
- The value of a nation’s currency can change, and this value is based on many factors.
In 1690, America used a paper currency system (These were called "paper notes") to fund "Military Expeditions" and later other colonies began to take up this system as well. Later in 1861 during the Civil War, the U.S began to issue non-interest-bearing Demand notes (Later earning the nickname "Greenbacks"). Throughout the years, these "Notes" went through many re-designs and eventually became the dollar we see today.
