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Home/Questions/How did money evolve from the barter system?...

How did money evolve from the barter system?

Class 7Social ScienceFrom Barter to Money

Verified Answer

Money evolved from the barter system as a solution to its limitations. Initially, people started using commodities like salt or gold as a medium of exchange, which had intrinsic value. Over time, these commodities evolved into coins and eventually paper money, allowing for easier and more efficient transactions.