Question

In the initial stage of development ________ was used (credit money / paper notes / metallic coins / commodity money), Fill in the blank with appropriate alternative given in the bracket.

Answer 1

$\large{\mathfrak{Answer -}}$

Metallic coins is the correct answer.

In the initial stage of development $\textbf{\underline{metallic coins}}$ was used

Answer 2

In the initial stage of development commodity money was used.  

Explanation:

• Commodity money is money whose value approach from a commodity of which it is manufactured.
• For example, if a coin is made of gold, the value of gold(say Rs 100) and the extrinsic value of money say Rs 10), will be known as commodity money, (Rs 110).
• Examples of commodities that have been used as mediums of exchange including silver, gold, salt, peppercorns, large stones, copper, tea.

Learn more about commodity money:

Give reasons "Any commodity cannot act as money".

https://brainly.in/question/6737925

Write short note on commodity money.

https://brainly.in/question/6738013