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Solution. Verified by Toppr. 1. Modern forms of money include currency — paper notes and coins. 2. Unlike the things that were used as money earlier, modern currency is not made of precious metals such as gold, silver, and copper. Was this answer helpful? 9.
Apr 6, 2023 · The history of money can be divided into several stages, from the initial use of commodities to the modern fiat currencies and digital assets. In this section, we will explore the evolution of ...
1. c.2070 BCE-c. 1200 BCE Cowries were used as money in China. Shell Money. Shell money is a form of currency that was used in many parts of the world, including Asia, Africa and Oceania. This form of money was known as the cowrie shell and was used as the media of exchange in ancient China.
Apr 22, 2020 · new forms of money such as cryptocurrencies, stable coins and centra l bank digital currencies. ... From the Roman em pire to the early modern p eriod, the principal a rtefacts used a s media of .
Dec 15, 2021 · Like the stone money, but unlike $20 bills, cows also are not a very uniform form of money. “Cows come in many sizes and shapes and each has a different value,” Wolla said. “It seems ‘udderly’ clear at this point [that]—based on the characteristics of money—U.S. $20 bills are a much better form of money than cattle,” Wolla said.
Jan 1, 2024 · During the early trade among Filipinos and neighboring lands, the adoption of cowry shells as a medium of exchange marked a significant milestone in Philippine currency history. This transition from bartering to a more standardized form of currency laid the foundation for the evolution of Philippine money.
Oct 23, 2020 · The money as we see today has been the result of a long evolution process. In today's world, modern money consists of the following: Currency notes and coins: This is the modern form of money that is being used across the world. The precious metals and coins that were used in the early periods were inconvenient to be carried in large quantities.
