Write a short history of different forms of Money.
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Explanation:
Money is being used as a medium of exchange in modern times. Earlier there was barter system. People used to exchange goods instead of paying money. People started to give other products that they had with them and get the product they want in return. Then came the medium of money. There are many forms of money like
- Coins
- Currency notes
- Metalic money
- Paper money
- Legal money
- Bank money
- Commodity money
- Fiat money
- Commercial bank money
- Fiduciary money
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