Question

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Question 20(Multiple Choice Worth 5 points)
(02.02 MC)
Which of the following developed in ancient Egypt's economy?
A merchant class that would arrange for the trade of goods
A coordinator class that would plan public activities and celebrations
A banking class that exchanged money for goods produced by laborers
An artisan class that created art and literature for sale

Answer 1

In ancient Egypt's economy, a merchant class facilitated trade and an artisan class created art for sale. There is no historical evidence of a banking class exchanging money for goods produced by laborers.

Step-by-step explanation:

In ancient Egypt's economy, a merchant class developed to arrange for the trade of goods. These merchants would engage in both domestic and international trade, facilitating the exchange of goods between Egypt and other regions. They played a crucial role in the economy by ensuring the flow of goods and resources.

Additionally, Egypt had an artisan class that created art and literature for sale. These artisans specialized in various crafts such as pottery, jewelry-making, and carpentry. Their creations were highly prized and contributed to both the local economy and trade.

While Egypt had a complex society with different classes, there is no historical evidence of a significant banking class in ancient Egypt that specifically exchanged money for goods produced by laborers. The economic system relied more on bartering and direct exchange of goods rather than monetary transactions.

Learn more about Ancient Egypt's economy