Question

IN PLACE OF THE BARTER SYSTEM THE PUNCH MARKED COINS WERE CONSIDERED TO BE

MORE WORTHY. WHY?​

Answer 1

Answer:

When the barter system lost credibility in ancient times, a uniform currency system came into being. But checking the weight and purity of the metal used for this purpose required technical expertise. To overcome the problem, an authentication mark was stamped on the piece of metal to promise that it had adequate purity and weight. The next step was to decide the authority who could assign these guarantee marks on the metal piece. Eventually, the ruling king of the concerned territory was given power to issue coined money.