Question

Explain how people started using mineral-stones and coins as standard measurement value and as medium of exchange?

Answer 1

Use of mineral stones and coins:

• Owing to the limitations of the animals as a standard value, people started using mineral-stones instead of animals.
• When the era of imperialism began, people started using coins as a means of trade and exchange of goods and services in the kingdom. The only limitation was that they were used in limited societies and regions.