Why did money come into existence? Class 7
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Why did money come into existence? Class 7
Why did money come into existence? Class 7
Answer:
Money was created because the barter system had some problems. It was hard to find someone who wanted to trade exactly what you had for what you needed. Also, some goods could spoil or were too heavy to carry. Money solved these issues by providing a common medium of exchange that everyone accepted, making trade easier and more efficient.