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The earliest form of money is generally considered to be commodity money, which consisted of items that had intrinsic value, such as gold, silver, and other precious metals, as well as goods like grain or livestock. These items were used in barter systems before the development of coins and paper currency. The first known coins were minted in the ancient kingdom of Lydia around 600 BCE, which marked a significant evolution in the concept of money.

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2d ago

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