The Evolution of Money

We are going through an exciting new evolution of how money is used. Medium of Exchange (Commodities) During the period of early human civilization, any commodity that was demanded and chosen by common consent was used as a form of currency. Goods like furs, salt, rice, wheat, weapons, animals, and much more were used as an exchange which was known as ‘Barter Exchange.’ Metallic With the progress of human civilization, commodity exchange transitioned into metallic money. Metals like gold, silver, copper, nickel, and much more were used as they could…

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