This site is like a library, you could find million book here by using search box in the header. MONEY Money is any thing which is used as a medium of exchange. 3. ADVERTISEMENTS: Money: Useful Notes on Evolution of Money! So did prehistoric people for thousands of years. Evolution of Money 1. Money has evolved through different stages according to the time, place and circumstances. It began in the prehistoric times with barter and through the development of commodity money, coinage, paper money, credit money, and virtual currencies lasts even now. All books are in clear copy here, and all files are secure so don't worry about it. Need to facilitate exchange of goods led to evolution of money. But what he said takes us back to the Bible story of Adam and Eve in the Garden of Eden. Briefly, evolution of money was mainly through commodity money, metallic money, paper money and bank money. This characterization sheds light on both the nature and the evolution of money, and helps us to understand today’s monetary arrangements. It has undergone a long process of historical evolution. Human […] TOPIC OF PRESENTATION EVOLUTION OF MONEY 2. Money plays an important role in every parts of life. There is no mention of money there. Money may have played some part in Pierre Tlokka's life - for buying a gun perhaps. Article shared by: ADVERTISEMENTS: Some of the major stages through which money has evolved are as follows: (i) Commodity Money (ii) Metallic Money (iii) Paper Money (iv) Credit Money (v) Plastic Money. The evolution of money in economics was a complex process that took several steps to take the modern form. Adam and Eve got everything free from Nature. ADVERTISEMENTS: Money is the most important invention of modern times. 5 Stages of Evolution of Money. The evolution of money will never stop as market’s and people’s demands always change. Four Phases in the History of Money Luis Angeles * January 2019 Abstract In this paper I offer a new characterisation of the history of money into four major phases, from the earliest written records during the 3 rd millennium BC to the present day. Read online THE EVOLUTION OF MONEY book pdf free download link book now. PDF | Money is considered as one of the major factors of production.