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One of the advantages is that trade became easier . After switching from the barter system to do this trade was a lot simpler. Around 570 B.C they switched to coins . The Government made the coins. People were willing trade their goods for coins. Coins could also buy anything.
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What were two advantages for the Athens of coined money?
It was an easily portable means of exchange, and also a durable means of storing assets.
What are the advantages of coined money?
you could use it to buy stuff such as necessary tools for survival
What civilization was the first to develop an economy based on coined money?
Greece (specifically Athens i think but im not sure)
What are some advantages of the coined money?
you could use it to buy stuff such as necessary tools for survival
Money is coined by order of the?
Money is coined by the US mint. The mint makes coined and paper money. The government regulates how much money is made and when.
Where and when was coined money invented?
The Lydians created coined money because they were old fasion time users.
Who created coined money in the ancient middle east?
The Lydians introduced the coined money, as means of exchange thus creating a money economy
What do called where money is coined?
A mint
Money is coined by order of?
Congress
Who coined the term 'Money Illusion'?
The term Money Illusion was coined by John Maynard Keynes sometime inthe early 20th century.
Money can be coined or printed only by?
congress
What do you call a place where money is coined?
the mint
