the earliest forms of money were probably?

Question

A.shells,stones,and bead
B.cloth and pottery
C.diamonds and gold
D.goods and services

Answer 1

The earliest way to make transactions was through the means of barter, that is the exchange of goods and services. This however could not be considered "Money." Although it served as a means to exchange goods and services, eg. I'll give you wood for the winter if I can have your cow... It was not the most efficient, quick or reliable way to exchange goods and services, as it very much depended on a double coincidence of wants, i.e. Two people must have something that the other wants. There would have also been issues with the value of the goods or services being exchanged, e.g. How much wood was worth one cow? It is for this reason that money was created, it cannot be considered money itself.

It was due to the need to create a more efficient way to exchange goods and services. The earliest forms of money ranged from gold, silver, copper, brass, iron, stones, or shells. These 'older' forms of money were easily recognised, scarce, durable, and were desired. Allowing them to have the characteristics of money:

Serving as a medium of exchange.
i.e. You can accept money knowing that you can spend it elsewhere for other goods and services.

Having a store of value.
i.e. You can store money and it will still retain it's value.

Means of deferred payment.
i.e. You are able to recieve a good or service on credit and be able to pay for it over time or at a later date with 'money.'

Unit of account.
i.e It serves as a means to measure the value of a good or service.

It is divisible.
- self explanatory.

These are to name but a few, I may have gone a bit off topic so sorry.

Answer 2

The earliest form of money is C. Diamonds and gold. These are called commodity monies as they can be used as money for exchange and also have some intrinsic value.

Shell, stones and bead are common and they they are no good as medium of exchange. Cloth and pottery and goods and services may be used as barter where people exchange for them directly without the help of money. Therefore, these are not forms of money.

For more information, you can refer to:
http://en.wikipedia.org/wiki/Money

Answer 3

Initially people were exchanging products.
Then, a short of coins were invented, 27 centuries ago, in Greece.
Those, at the beginning were metal rich in silver, hit, so it was taking the shape of a "thick" coin.
Within some years the coins became pieces of art and have not changed much within the last 25 centuries!

Answer 4

Goods and services. In many ancient empires, subjects paid taxes in-kind and were required to serve the liege a certain number of days per week or per year.

Answer 5

D. Good and Services.

Answer 6

D. good & services.
I beleive that ppl traded things back then. No one was really thinking of $ & wealth. They just new they needed different things to survive, so they traded with those who could do or make what they needed.

Good ? by the way

Answer 7

Nope. Even without a Chapter 11, after 30 years you really are SOL

Answer 8

I'd say goods and services but it was the gold and silver that eventually became coins, if I am not mistaken. Real silver and gold coins which were weighed and valued.

Answer 9

Goods and services.
I think salt was one of the earliest forms.

Answer 10

E. sacks of dank