Concept of Money in Math

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What is money in the context of trade and exchange?

A mode of payment for goods and services

What was the initial system of trade before the concept of money was introduced?

Barter system

What allowed people to count the amount of coins for purchasing different items?

Metal coins

What is money considered in comparison to the barter system?

<p>An advanced form of barter system</p> Signup and view all the answers

What is money defined as in math?

<p>A medium of exchange that comes in different forms like coins or notes</p> Signup and view all the answers

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