ICSE Class 10 Answered
What
are the different stages in the evolution of money?
Asked by Topperlearning User | 24 Apr, 2015, 07:31: AM
Expert Answer
Different stages in the evolution of money are as follows:
- Barter system of exchange
- Mono-metalism and bi-metalism i.e., the valuable metal like gold and silver were used as a medium of exchange.
- Paper currency system where coins and currency notes were used as a medium of exchange.
Answered by | 24 Apr, 2015, 09:31: AM
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