By way of example, metal coins should have an ordinary weight and purity. Commodity money ought to be comparatively uniform in high quality. Endeavoring to use a non-fungible excellent as money brings about transaction costs that entail independently analyzing Just about every device of The nice right before an Trade can occur.New iron-based mostly
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The exchange of goods and products and services in marketplaces is Among the many most common activities of human existence. To facilitate these exchanges, persons decide on a thing that will serve as a medium of exchange—they pick out a little something to become money.The Romans made coins in a temple which was devoted to this goddess. For that