THE EMERGENCE OF PAPER

MONEY
People used barter as a
form of transaction. In this
form of transaction, people
utilize goods to exchange
for the items they desire.
Gold coins were utilized as
currency until 700 BC. Lydia's
king ascribed value to each
coin and even branded them
with his name.
The government to
manufactured paper
money until credit and
cash cards were
discovered today.

Monetary form of People later discovered that

exchange was developed. carrying a coin is inconvenient
Initially, nearly anything and attracts theft. As a result,
could be used as money, they introduced "checks" to
alleviate the inconvenience and
theft.