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Fill in the blank with appropriate alternatives given belowIn the initial stage of development, __________ was used.Optionscredit moneypaper notesmetallic coinscommodity money |
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Answer» In the initial stage of development, commodity money was used. Explanation: Initially, human beings exchanged goods and services for other goods and services. In other words, commodity exchange or commodity money was more prevalent. Commodities like sea-shells, salt, gold or other precious commodities were used as money for the exchange of goods and services. |
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