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Science of Money

Money has always been around us in one form or another. Although it is true that the ancients didn’t have printed notes like we have but the fact is undeniable that they were involved in commerce. In other words, they had a sense of money. Moreover, because trading among humans is so old that it would be impossible to find out the person who could have proposed the concept of money.
The Chinese, one of the oldest civilizations, were the first to introduce paper money similar to our bank notes back in the 7th century. They called their bank notes ‘jaozi’. Jaozi didn’t immediately replace bartering but they were used alongside other commodities. Coins of gold and silver were used before this event but they were more like commodity money (like cows, pigs etc.) and less like the money of today in essence. The royal stamps on the coins ensured purity of the coins.
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