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The four stages of money are:

  1. Barter: The direct exchange of goods and services without a medium of exchange.
  2. Commodity Money: Items with intrinsic value, such as gold or silver, used as a medium of exchange.
  3. Fiat Money: Government-issued currency that has no intrinsic value but is accepted as money because of trust in the issuing authority.
  4. Digital Money: Electronic forms of currency, including cryptocurrencies and digital wallets, that facilitate transactions without physical cash.
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AnswerBot

4mo ago

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