What Is Money? Money is any product or medium of Trade that symbolizes perceived worth. Due to this fact, it really is accepted by folks for the payment of goods and providers, and also the repayment of loans.
Medium of Exchange Before the development of the medium of Trade—that is, money—people would barter to acquire the products and providers they desired. Two folks, Every single possessing some merchandise the other preferred, would enter into an agreement to trade.
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Tensions between The united states and Britain ongoing to mount until eventually the Revolutionary War broke out in 1775. The colonial leaders declared independence and developed a brand new currency named Continentals to finance their facet from the generate war.
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