1.

Describe evolution of money.

Answer»

In ancient time, various states were ruled by kings and emperors. They used to mint coins according to their own ways. Exchange processes were carried out through the medium of these coins. These coins were made of various metals, like, gold, silver, copper and bronze. These coins were granted legality by the state and it was a legal necessity to accept them. From time to time, changes were made in their forms.



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