Question

History of money and it's functions?​

Answer 1

Explanation:

At the dawn of humanity, bartering was used in lieu of money to buy goods. As early man began to rear domestic livestock, one of the earliest forms of barter included cattle, sheep, as well as vegetables and grain. The first known currency was created by King Alyattes in Lydia, now part of Turkey, in 600BC.whatever serves society in four functions: as a medium of exchange, a store of value, a unit of account, and a standard of deferred payment.

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Answer 2

Answer:

To summarize, money has taken many forms through the ages, but money consistently has three functions: store of value, unit of account, and medium of exchange. Modern economies use fiat money-money that is neither a commodity nor represented or "backed" by a commodity