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First of all, what is money? 1_______. The money you are most familiar with, currency, consists of the paper money and coins that you use almost daily. Currency is legal tender. 2_______.
From the earliest times precious metals, such as gold and silver, along with copper, have been the most popular forms of money. 3_______. As you read through history, you will discover societies that favoured things such as tobacco, fish hooks, shells and, of course, various forms of paper for their money. 4_______.
Money can be anything, that is generally accepted in payment for goods and services
This means the law requires that it be accepted in payment of a debt
But they were not the only forms
Although anything can serve as money, as a practical matter the material should possess the following qualities: stability, durability, recognizability, etc