Question

was used as a standard of value.
2.
As a part of the barter system
3. The Early Vedic Period is also known as ​

Answer 1

Answer:

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Explanation:

1. Money acts as a standard of value by making it easy for people to compare the value of different goods and services according to a uniform reference point. ... The US dollar used to be tied to the gold standard, where each dollar in circulation was backed by an equivalent value in gold held in reserve by the government.
2. A barter system is an old method of exchange. Th is system has been used for centuries and long before money was invented. People exchanged services and goods for other services and goods in return. ... The value of bartering items can be negotiated with the other party.
3. The Vedic period, or Vedic age ( c. 1500 – c. 500 BCE), is the period in the late Bronze Age and early Iron Age of the history of India when the Vedas were composed in the northern Indian subcontinent, between the end of the urban Indus Valley Civilisation and a second urbanisation which began in the central Indo-