Question

Describe evolution of money.

Answer 1

Answer:

Briefly, evolution of money was mainly through commodity money, metallic money, paper money and bank money. ... Human beings passed through a stage when money was not in use and goods were exchanged directly for one another. Such exchange of goods for goods was called Barter Exchange.

Answer 2

Explanation:

Briefly, evolution of money was mainly through commodity money, metallic money, paper money and bank money. ... Human beings passed through a stage when money was not in use and goods were exchanged directly for one another. Such exchange of goods for goods was called Barter Exchange.