explain briefly history of money
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Earlier there was no money instead good were exchanged for goods. This was called the barter system.
Then came the use of coins. These coins were made of metals like gold, silver or copper. The use of these coins continued well into the last century.
Modern money consists of notes and coins. Modern forms of money , unlike coins, were not made of precious metals. Unlike goods that were us d as money, modern money did not have a use of its own.
Then came the use of coins. These coins were made of metals like gold, silver or copper. The use of these coins continued well into the last century.
Modern money consists of notes and coins. Modern forms of money , unlike coins, were not made of precious metals. Unlike goods that were us d as money, modern money did not have a use of its own.
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The history of money concerns the development of means of carrying out transaction involving a medium of exchange. Money is any clearly identifiable object of value that is generally accepted as payment for goods and services and repayment of debts with in a market ,or which is legal tender within a country.
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