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How was money invented?

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Answered 2016-12-31 06:32:29

Trade was by direct exchange of goods. As trade expanded, it became expedient to have tokens instead of cartloads and shiploads of good, and as a store and reserve of value. So tokens were used - especially tokens which had a high intrinsic value of their own, such as metals and gems. To give some guarantee of value, states began to back the value of their curencies.

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