R57.50

Resource Description

A short introduction video to the History of Money and important key terms

SELF- SUFFICIENT

maintain oneself or itself without outside aid

BARTERING

exchange (goods or services) for other goods or services without using money.

NOMADIC

roaming about from place to place

COMMODITY MONEY

Commodity money is money whose value comes from a commodity of which it is made. Commodity money consists of objects having value or use in themselves as well as their value in buying goods

COINS

a flat disc or piece of metal with an official stamp, used as money.

GOLDSMITHS

a person who makes gold articles

PROMISSORY NOTES

a signed document containing a written promise to pay a stated sum to a specified person or the bearer at a specified date or on demand. to

ISSUER

a person or company that supplies or distributes something

PAYEE

a person to whom money is paid or is to be paid, especially the person to whom a cheque is made payable.

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