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in ancient times , coins made from gold and silver gradually replaced which commonly used means of exchange in commerce?

in ancient times , coins made from gold and silver gradually replac...

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in ancient times , coins made from gold and silver gradually replaced which commonly used means of exchange in commerce?

in ancient times , coins made from gold and silver gradually replaced which commonly used means of exchange in commerce?

Answer

It was the Barter which was gradually replaced with coins made of gold and silver.
In ancient times, before coins were made, people used the barter system in where they are exchanging goods to be able to get what they need without the use of money.
Barter simply means swap.
For A person will give another person a bucket of fish in exchange of a sack of rice.
Prior to the creation of gold or silver coins, it was the barter system that ruled the life of our ancestors.

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Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 40 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 128 views.

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