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Question
The evolution of money started with ______ stage.
Options
Commodity money
Metallic money
Bank money
Animal money
Solution
The evolution of money started with animal money stage.
Explanation:
Animal money was one of the earliest types of commodity money used in ancient societies for commercial transactions. Prior to the discovery of metals. coins, animal money, involved the use of cattle or animals as a means of exchange. Animal money evolved into other forms of money over time, such as metallic coins, paper money, and digital money, which are now routinely used for commercial transactions.
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