Question

Is gold seals a modern form of money or an ancient form of money?
How does money acts as a medium of exchange?
What do you mean by barter system?

Answer 1

Ans-1. Gold seals were used in ancient times as money.

Ans-2. By acting as intermediate in the exchange process, money acts as a medium of exchange.

Ans-3. Direct exchange of goods for goods without use of money is known as Barter system.

Answer 2

Answer:

$Hey mate$

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The tallies could also be sold to other parties in exchange for gold or silver coin at a discount reflecting the length of time remaining until the tax was due for payment.

hope it's helpful for you , .

Thus, the tallies became an accepted medium of exchange for some types of transactions and an accepted store of value.

Thanks .