the earliest types of money/currency are known as \nfiat currency\ncommodity monies\ngold - backed…

the earliest types of money/currency are known as \nfiat currency\ncommodity monies\ngold - backed currency\ndenominator monies\n\none of the earnest forms of writing dates back approximately 5000 years ago and was used for what purpose?\ncredits and debits\nroyal decrees\npoetry\ncensus data

the earliest types of money/currency are known as \nfiat currency\ncommodity monies\ngold - backed currency\ndenominator monies\n\none of the earnest forms of writing dates back approximately 5000 years ago and was used for what purpose?\ncredits and debits\nroyal decrees\npoetry\ncensus data

Answer

Brief Explanations:

  1. Commodity money, such as gold, silver, or other valuable goods, was the earliest form of money as it had intrinsic value and was used for bartering and trade before the development of fiat and gold - backed currencies.
  2. One of the earliest forms of writing, cuneiform, which dates back about 5000 years, was mainly used for record - keeping of economic transactions like credits and debits in ancient Mesopotamia.

Answer:

  1. B. Commodity Monies
  2. A. Credits and Debits