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Before this, it is assumed that bartering, which is the exchange of goods and services without the use of money, was likely used. Some examples include coins, barley, gold, silver, squirrel pelts, 8-ton carved limestone rocks, salt, knives, cowrie shells, stamps, potato mashers, peppercorn, tea bricks, and cheese. According to Meyers, it’s always better to …
Fiat currencies include USD , CAD , EUR , GBP , and AUD . Similarly, a citizen in a high inflation environment (ex. Venezuela) could put their government backed cash into a stablecoin to preserve their purchasing power. Comparisons of growth rate of ownership between motor vehicles, private vehicles, and cars in Beijing from 1999 …