The reading passage describes the evolution of money starting from coins. Refer to the passage the notion of money was made in Greece. The value of metal coin was dependent on its size, source of metal and other characteristics. There are lots of benefits of metal coins. They were enduring, easy divisibly and portable. All these features made the coin unchangeable for that time. Gold and silver coins were accepted the most expensive ones. Eventually, people started to evaluate little waste coins with clipping policy. Instead of them they added more valuable coins. In the next part evolution the use of paper money started when people put their money to the banks. Instead of the money bank gave people paper as a document that states they have money in bank. Afterwards people used that paper to buy things.
According to the lecture, the history of money starts from bartering. People used to barter things in order to get the thing that they wanted. The thing should be about the same value. That kind of trade has lots of disadvantages. The main is you need to carry the barter object with you. It was not appropriate for trade. As it stated in reading passage metal coin was most available for people. It can be measured and used as tool in market.
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