In 1535, though likely well before this earliest recorded date, strings of beads made from clam shells, are used by North American Indians as money called?

Wampum

Explanation:

Wampum originally means white, which depicts the color of the beads used in making the Wampum.

Wampum is made from abalone or strings of clam-shells through the sizing of round pieces that appears like buttons or little, punch hole beads.

It was first used by the Native Americans as far back as the early sixteenth century.

Hence, in this case, the right answer is WAMPUM.

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