NOTES.COINS. BANKING
1.When was money first used? The utilization of cash goes back millennia. The idea of cash has advanced over the long haul, and different types of money have been utilized by various civilizations. Here is a concise outline: Bargain Framework (Ancient Times): Before the creation of cash, individuals took part in a trade framework where labor and products were traded straightforwardly for different labor and products. While this framework worked somewhat, it had restrictions, for example, the "twofold occurrence of needs" issue, where the two players needed to have something the other needed. Product Cash (Old Civic establishments): After some time, certain wares with inherent worth, like salt, dairy cattle, and valuable metals like gold and silver, started to act as an all the more generally acknowledged mode of trade. These wares were utilized as cash in view of their intrinsic worth and far-reaching acknowledgment. Metal Coins (seventh Century BCE): The Lydians, an old ...