What Year Was Money Invented?

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Guest

asked 3 years ago

6 Answers - Sort by: Date | Rating

Economic books have given us many definitions of money, but there is not specific date as to when money was invented. In modern world money is defined on the basis of its functions like in trade.
The invention of money has put the barter system out of use. The efficiency gains go higher with the use of money and this encourages trade and division of labor.

In various beliefs, money is still the word used for silver or gold. Money was called currency from the year 1913 the change began with the development of the Federal Reserve.

The change is applied to purely to currency notes; money has expanded over the period of years from gold, silver, copper, brass, iron, stones, shells to paper.

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Memo

answered 3 years ago

The big '?' is better said who, A Muslim, whose sought result I though dead still don't know, if I can count on, & whose surviving family's finance lawyer's meanwhile still absolu-
tely welcome to take 'It' up with me, please, so that I can more easily than up till now of
course tell you & help e.g. myself realize, what A Moneyless Fate is, it depends on, what
you tell me about moral, greet's

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Jodydad

commented 2 years ago

Money was invented in the year of 1913.
Money has expanded over the period of years from gold, silver, copper, brass, iron, stones, shells to paper.
So there is your answer

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