The history of money in human society

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3 years ago

Money is not only coins and banknotes, it is anything that people are willing to use in order to represent the value of other things for the purpose of exchanging goods and services. Money enables people to compare quickly and easily the value of different commodities, to exchange one thing for another, and to store wealth conveniently. There have been many types of money. The most familiar is the coins, which is a standardized piece of imprinted metal. Yet money existed long before the invention of coins, and cultures have proposed using other things as currency, such as cowriez,cattle,skins salt,grains, beads,cloth and promissory notes.

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3 years ago