How did the money come from?

Money is a general exchange substitute that people gradually evolved in the process of barter in order to facilitate the exchange process.

The history of human use of money originated from the era of barter. In primitive society, people bartered for the materials they needed, such as a sheep for a stone axe.

But sometimes limited by the types of materials used in the exchange, we have to find a mutually acceptable item for exchange. This article is the most primitive currency. Livestock, salt, rare shells, rare bird feathers, precious stones, placer gold, stones and other items that are not easy to obtain in large quantities are used as money.

Extended data:

Currency type

1, coin

Coin is a small denomination token. It is made of copper, aluminum or nickel.

2. banknotes

Paper money is legal tender, called legal tender. Legal tender is the currency that the government forces to circulate. The basic power to issue paper money belongs to the government and is specifically controlled by the central bank. The sum of paper money and coins is called money or cash.

3. Deposit currency

Deposit currency refers to the demand deposit that commercial banks can withdraw at any time, also known as demand deposit. Because demand deposits can be converted into cash at any time, there is no difference between bank demand deposits and currency. It is also a currency.

4. Savings deposits

Time deposits and savings deposits are deposits that can be withdrawn after a certain period of time and earn interest. Although these deposits cannot be used by writing checks, banks are usually notified in advance and can be converted into cash.

In addition, since 1970s, the appearance of negotiable withdrawal form (NOW) and automatic transfer service (ATS) has narrowed the difference between time deposit and demand deposit. Due to the narrowing of this difference, time deposits and savings deposits have also become a currency.

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