Day 269 of 365
September 26
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Economics The Origins of Money
Money evolved from barter through commodity money (gold, shells, cattle) to representative money and finally fiat currency backed by government decree. Its functions - medium of exchange, store of value, unit of account - make complex economies possible.
💡 Did you know?
The word 'salary' comes from 'salt' - Roman soldiers were sometimes paid in salt!
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