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The history of money: from silver coins to credit cards
Money has been around almost as long as we have. It’s evolved from a simple system of exchange to a guiding element of almost every action we make. In this timeline we cover all types of money. What is money? Money is an essential medium of exchange that can take many forms. Whether money is represented by a bead, metal coin, paper note, or string of code generated by a computer, its value is not determined by its form. The value of all money is determined by the importance other people place on it as a tool of exchange. Money is primarily used as a medium of exchange, unit of measurement, and a storehouse for ... (full story)