-
It refers to the exchange of goods and services, the merchandise was valued, the same products were used as money -
the gold and silver that the market came into operation in the midst of buying and selling in the most balanced way, as this metal was of its own value, at the time the exchange was already heavy with gold and silver because they could not do it in small quantities, so they solved the production of gold coins and thus began the circulation of this type of money so to speak, as the main means of payment for goods or services. -
the first Savings Organization was formed to protect its members from usury, it was created by Franciscan monks and was called "Monte de Piedad", it is around this same time that the "Banks" were organized and the first traveler's checks were created -
value standards such as wheat and livestock were generated, which became a reference for cost and payment -
During the Tang Dynasty, paper coins were invented to avoid the uncomfortable weight of metal -
The problem was in the large number of criminals who were stationed in the different commercial networks, for whom the merchants were not sure of being able to move their goods from one place to another without the security of not losing them along the way -
it was known as a "stater" and was made of an alloy of gold and silver, had an embossed design on one side, representing the king of Lydia and his family, and a mark on the other side indicating the value of the coin -
They became very valuable materials for that time, because metal allowed for the negotiation of merchandise and mandate in society -
In 1961 in Sweden they spread its handling, and it spread to Spain in 1760 during the reign of Charles II and preferred it for the convenience it provided -
The first metal coins emerged in 300 B.C. and extended until 1,500 A.D., the physical merchandise used is a mental, usually in bronze, gold, silver, the first coins were created by the Greeks in present-day Turkey -
In 1914, cardboard cards were issued to preferred customers and then the bancamericarkd card was implemented and more than 1,400 banks began to implement credits, as well as checks and promissory notes -
Technology spread through cell phones, ATMs and PCs to make transactions and payments for services, as well as cryptocurrencies began to be implemented, which are virtual currencies used for the same purpose, but allow you to save taxes