Why money is important to a civilization?

Answer 1

In the premitive era, when there were barter exchanger, money did not had any role to play. With the advent of civilization, money started to play its due role and each country had its own currency to transact with. In each country, there had been a supreme authority viz., Fed Reserve to deal with montary affairs. Circulation of money is being controlled by the said authority against adequate gold reserve. Excess circulation of notes will attract inflationary pressure on the economy. Of late, countries under European Union have evolved a single currency i.e. Euro and montary transactions among them have become easier than before. However, artificially controlling the currency to gain advantage in international market as China has done with its currency Yuan has hurt the business interests of other members of world trade community.