What is the Meaning of This Picture ???
1. Barter – The earliest form of trade, where goods and services were exchanged directly without a standard medium.
2. Gold – Precious metals like gold became a standard due to their rarity and value.
3. Metal Coins – Coins were minted to represent value and facilitate easier trade.
4. Fiat Currency – Paper money issued by governments, backed by trust rather than intrinsic value.
5. Plastic Cards – Credit and debit cards revolutionized spending with easy, cashless transactions.
6. Electronic Money – Digital forms of fiat money, such as mobile payments and online banking, became widespread.
7. Cryptocurrency – The latest evolution, offering decentralized, blockchain-based digital assets like Bitcoin and Ethereum.
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