How has money envolved?

Answer 1

Money has evolved from barter systems, where goods and services were directly exchanged, to the use of commodity money, such as gold and silver, which had intrinsic value. Over time, Fiat money emerged, backed by government decree rather than physical commodities, allowing for more flexible monetary systems. The introduction of banking systems and digital currencies has further transformed money, leading to electronic transactions and cryptocurrencies that challenge traditional financial structures. This evolution reflects changes in technology, economic needs, and societal values.