MONEY IN THE NATION’S ECONOMY

Barter as a form of exchange is not only utterly inadequate

but, moreover, crude and cumbersome to meet the needs of
our modern economic life. For this reason, man on his road
to development and progress introduced the use of a very
important commodity purposely designed to eliminate the
shortcomings that characterize every barter transaction,
like the need for a double coincidence of demand and
equality in value of the things entering the exchange
transaction
MONEY IN THE NATION’S ECONOMY
Money and its Evolution.The evolution of money in the life of man
represents one of the most interesting and yet intriguing chapters
in his cultural development. So important is money in his economic
life that in the words of a well-known professor in finance, it
deserves to be ranked among the most outstanding inventions in the
entire history of mankind.