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Examples of Non-Traditional Money You must participate in this extra credit opportunity by the date stated on the Calendar of Activities in the Syllabus. Provide an example of something used as money...

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Examples of Non-Traditional Money

You must participate in this extra credit opportunity by the date stated on the Calendar of Activities in the Syllabus.

Provide an example of something used as money that is NOT currency, including paper money, coins, including gold or silver coins used in the past, a bank deposit, or traveler’s checks or a credit/debit card. Explain when, where, and why this money was used. Use the name of your item as the subject heading of your post and do NOT duplicate an answer already posted. Also provide the source of your information so your classmates can verify it and learn more.

Please change the title of your response to reflect the type of money that you have discussed.

Answered Same Day Oct 27, 2021

Solution

Dr. Smita answered on Nov 01 2021
153 Votes
Cattle used in Indian Villages
Money is anything that has universal acceptability. The two primary uses of money are:
1. It is used as a medium of exchange.
2. It is a storehouse of value.
Hence, possession of money gives inherent satisfaction to the people of any economy. Although, money differs in forms across economies and districts.
The case that I am writing today takes the time back to many years ago. There have been folklore and folk stories where people in Indian villages considered two things of utmost...
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