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  • 02-12-2020
  • Social Studies
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how did the developtment of coin money change trade

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keriaboo15
keriaboo15 keriaboo15
  • 02-12-2020

Answer:

Earlier trade was based on barter system.

1.Coins replaced the inconveniences and fulfilled the double coincidence of wants by the seller & the buyer.

2.Coins became a common measure of value.

3.Coins became a store value.

4.Coins became a medium of exchange.

5.Coins became a standard deferred payment

6. Coins had immediate liquidity in value.

7.Coins gave a territorial authority & sovereignty

Explanation:

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