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Gold, thus, functions as an actual physical token of wealth based on mans perceptions. On the 17th and you can early 18th ages, such as, Western colonists utilized beaver pelts and you can dried corn within the deals. Very early different bartering, yet not, don’t supply the transferability and you may divisibility which makes exchange efficient. For instance, if someone else have cows however, requires bananas, they must discover somebody who not only have bananas but also the need for meat. Let’s say see your face finds somebody who has the need for beef however, zero apples and will merely provide potatoes?

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