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  • The Importance of Currency

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    Camagu Nomnga
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    Currency began as the exchange of material goods like grain for meat thousands of years ago between traders. This bartering system evolved because organic goods would spoil quickly, decreasing their value. Traders recognized the need for a store of value that would last longer than perishable goods, laying the foundations for modern currency.

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    Currency began as the exchange of material goods like grain for meat thousands of years ago between traders. This bartering system evolved because organic goods would spoil quickly, decreasing their value. Traders recognized the need for a store of value that would last longer than perishable goods, laying the foundations for modern currency.

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    © All Rights Reserved
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    6 views1 page

    The Importance of Currency

    Uploaded by

    Camagu Nomnga
    Currency began as the exchange of material goods like grain for meat thousands of years ago between traders. This bartering system evolved because organic goods would spoil quickly, decreasing their value. Traders recognized the need for a store of value that would last longer than perishable goods, laying the foundations for modern currency.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    THE IMPORTANCE OF CURRENCY

    “currency” is tearm that will be fammiler to the


    almost everty body. For our purposes, think of a time
    thousands of years ago in which tradersexchange
    material goods – such as grain for meat.

    This bettering system soon had evolve, given that


    orgarnic goods spoil and their value decreases
    quickly rather. The need for something of value that
    lasts longer than

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