Mastergp
Verified member
Well according to the history we could see that many originated as a result of the various difficulties that arise from trade trade and barter we could see that in those day, different commodities serve as money in different countries example of this commodities include cattle, cowries, tobacco, etc. This items serve as means of exchanging and we could see that precious metals or materials which includes gold and silver we're also use as a result of exchange but money itself has some important uses that we too need to consider the include.
Keeping of account :
Through the use of money it made it made it possible for many individuals and companies to keep accounting record of their transaction in bank statements, ledger and invoice and still this money could also be more from one account to another which is still why it is mobile especially during transaction.
Money serve as a measure of value:
When it comes to goods and services their value are being determine by price but many on it own part is used to measure the foods and services as well as occupation.
Keeping of account :
Through the use of money it made it made it possible for many individuals and companies to keep accounting record of their transaction in bank statements, ledger and invoice and still this money could also be more from one account to another which is still why it is mobile especially during transaction.
Money serve as a measure of value:
When it comes to goods and services their value are being determine by price but many on it own part is used to measure the foods and services as well as occupation.
