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How did coins change the world?

Updated: 8/23/2023
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9y ago

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Earlier trade was based on barter system.

1.Coins replaced the inconveniences and fulfilled the double coincidence of wants by the seller & the buyer.

2.Coins became a common measure of value.

3.Coins became a store value.

4.Coins became a medium of exchange.

5.Coins became a standard deferred payment

6. Coins had immediate liquidity in value.

7.Coins gave a territorial authority & sovereignty

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13y ago
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