During the era of barter, money was generally in the form of

Answer Details

During the era of barter, money was generally in the form of commodities. In the era of barter, people used to exchange goods and services directly without the use of money. However, as the economy grew and people started engaging in more complex transactions, the need for a common medium of exchange arose. This led to the evolution of money. In its early stages, money was generally in the form of commodities, such as grains, cattle, shells, salt, and other goods that were widely accepted as a medium of exchange. For example, if a farmer wanted to buy a horse from a trader, he could pay for it with a certain number of bags of wheat or a herd of cattle. The trader could then use the wheat or cattle to buy goods or services from others. Commodities used as money had certain characteristics that made them suitable for use as a medium of exchange. They were durable, divisible, portable, and had intrinsic value. Intrinsic value means that the commodity had value in and of itself, aside from its use as money. Over time, as economies became more complex, people started using other forms of money, such as coins, precious metals, and paper money. However, the use of commodities as money was an important step in the evolution of money and helped facilitate the growth of trade and commerce.