Elucidate the developments in the forms of currency since early times.
Answers
Answer:
Initially money was made up of variuos metals like gold, silver, bronze, copper. Paper money comprising of paper notes came to be used. Coins are also used. ... Plastic money in the form of debit-cards, credit cards has also emerged and technological advancements has encouraged net banking, online transactions.
Explanation:
mark as brainlist plzzz
Answer:
HERE IS YOUR ANSWER DEAR...
Explanation:
A. Barter system was the earliest method to buy and sell products.
B. Before the introduction of coins, a variety of objects was used as money.
C. For example since the very early ages. Indians used grains and cattle as money.
D. There after came the use of metallic coins-gold, silver, copper coins- a phase which continued well into the last century.
E. Modern forms of money include currency- paper notes and coins. Unlike the things that were used as money earlier, modern currency is not made of precious metals. The modern currency is without any use of its own.
F. Currency notes, cheques, are the examples of modern forms of Currency notes.