Sunday, April 15, 2012

Bartering with a twist

Bartering with a twist

History of moneyhttp://en.wikipedia.org/wiki/History_of_moneyThe history of money spans thousands of years. Numismatics isthe scientific study of money and its history in all its varied forms. Many items have been used as commoditymoney such as naturally scarce preciousmetals, cowry shells, barley, beads etc., as well as many other things that are thought of as having value.Modern money (and most ancient money) is essentially a token — in other words, anabstraction. Paper currency is perhaps the most common type of physical money today. However, objects of gold or silver present many of money's essential properties.
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