Explain about the evolution and growth of money with growth of human civilization
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By exploring the history of money, this paper describes the transition from former ... In times of inflation however, when an increase in the overall level of prices can be.
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By exploring the history of money, this paper describes the transition from former commodity money to today’s electronic money. After introducing the properties of money the development of payment systems is outlined. Additionally, it is indicated why innovations of current payment technologies are tremendously important with respect to economic aspects such as electronic commerce.
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