Question

Explain the evolution of Money.

Introduction to financial literacy Class 9th

Answer 1

Answer:

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Answer: Need to facilitate exchange of goods led to evolution of 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

Answer:

Briefly, evolution of money was mainly through commodity money, metallic money, paper money and bank money. ADVERTISEMENTS: ... 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.

Explanation:

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