Question

Explain the evolution of money with pictorial information.​

Answer 1

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Explanation:

Money was valued according to weight and caliber of the metal. Whenever people made transactions, the metal coins used as payments were examined and weighed. The use of these precious metals gave rise to coins as a mode of payment. Engraved in each coin were its weight and the caliber of the metal used.

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.