Question

Arrange in the order of evolution of money A)metallic money
B)animal money
C) metallic coins
D)commodity money Answer fast

Answer 1

The money is used as the mechanism for buying or selling commodities and services over the centuries. First, comes the commodity money, then animal money then metallic money and in the last metallic coins.

Explanation:  

• Initially, the barter system existed which was based on the exchange of goods based on want or need of consumers where the coincidence of needs is important.
• Then, commodity money was introduced in form of salt, animal money etc. The metal became an asset and was used as money.
• Later coins were issued. Finally in present scenario, paper currency is used which do not have face value.

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Answer 2

Money has evolved through the stages of a) Commodity money, b) animal money, c)Metallic money, d)  Metallic coins.

Explanation:

• During the early years, man would use the barter system for the exchange of goods. This brought in the commodity money where commodities were considered as a medium of exchange.  

• The people would barter grains, animals, and other commodities based on the needs of the people.  

• Later on, they started to barter with metal which was considered as an asset with value to it. The coins were issued later.

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