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Rahul Lildhar explains the history of trading from subsistence economies to money economies. Subsistence economies relied on natural resources and barter, but surpluses and increased exchange led to problems with barter. This transitioned economies to using money instead. Several financial instruments are defined, including bills of exchange allowing legal claims between buyers and sellers, credit cards for convenient purchases and cash withdrawals, electronic transfers for account activities, telebanking

Author

Rahul Lildhar

Language

EN