Arrange the following in ascending order in respect of evolution of money.
(A) Coin exchanges.
(B) Barter exchanges.
(C) E-money.
(D) Paper currency.
Choose the correct answer from the options given below:
Arrange the following in ascending order in respect of evolution of money.
(A) Coin exchanges.
(B) Barter exchanges.
(C) E-money.
(D) Paper currency.
Choose the correct answer from the options given below:
Solution
Option 3: (B), (A), (D), (C) -> The evolution of money follows a chronological progression: (B) Barter exchanges represent the earliest form where goods were directly exchanged without any medium; (A) Coin exchanges emerged next as the first standardized metallic currency; (D) Paper currency developed later as a more convenient and portable form of money; and (C) E-money is the most recent innovation representing digital and electronic transactions in the modern era. This sequence reflects the historical development from primitive to sophisticated monetary systems. -> correct
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