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Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.
Consider the American Indians using Wampum, West Africans trading in decorative metallic objects called Manillas, and the Fijians economy based on whale's teeth, some of which are still legal tender; add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number of stones including jade and quartz, which have all been used for trade across the world, and we get a taste of the variety of accepted currency.
There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thing for a community to do.
After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The idea is really inspired, which might explain why so many diverse minds came up with it. Once the money is accepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers".
"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance," said President James Madison.
Money, money, money, it's always just been there, right? Wrong. Obviously, it's issued by the government to make it easy for us to exchange things. Wrong again!
Truth is, most people don't realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.
Q. What is unique about the development of money?
  • a)
    It can be traced back to a source
  • b)
    It has an inventor
  • c)
    It was developed in ancient civilisation
  • d)
    It appeared in unconnected places in a similar way
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Tell someone that you are going to a convention of accountants and you...
The unique aspect of the development of money is that it appeared in places that were unconnected all over the world in a similar way and was used for trade in a variety of forms, including shells, amber, ivory, decorative feathers, and stones. Money also solves the problem of trade by allowing people to exchange real value with each transaction and gaining convenience. However, the issuance of money is a private business and has been a source of controversy throughout history.
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Tell someone that you are going to a convention of accountants and you...
Unique Development of Money
Money, as a form of currency, has a unique development process that sets it apart from other inventions or developments in history. Here are some key points that highlight the uniqueness of the development of money:

Appearance in Unconnected Places
- One of the most fascinating aspects of the development of money is that it appeared in unconnected places all over the world in a remarkably similar way.
- Different societies, such as American Indians, West Africans, and Fijians, developed their own forms of currency without direct influence from one another.

Varied Forms of Currency
- The variety of accepted currency throughout history is vast and includes items such as shells, amber, ivory, feathers, cattle, stones, and more.
- This diverse range of currency shows the creativity and adaptability of societies in finding ways to facilitate trade and exchange.

Charming Imagery of Primitive Societies
- The image of primitive societies using colorful forms of money is charming and evokes a sense of nostalgia for simpler times.
- It highlights the ingenuity of our ancestors in coming up with creative solutions for exchanging goods and services.

Convenience and Value Exchange
- Money solves the problem of mismatched needs in trade by providing a universally accepted medium of exchange.
- Each exchange of money represents real value, with both parties benefitting from the convenience and efficiency of using currency.
In conclusion, the development of money is a fascinating aspect of human history that showcases our ability to innovate and adapt to the changing needs of society. Its unique appearance in unconnected places and varied forms of currency reflect the diverse and creative nature of human civilization.
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Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.What is unique about the development of money?a)It can be traced back to a sourceb)It has an inventorc)It was developed in ancient civilisationd)It appeared in unconnected places in a similar wayCorrect answer is option 'D'. Can you explain this answer?
Question Description
Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.What is unique about the development of money?a)It can be traced back to a sourceb)It has an inventorc)It was developed in ancient civilisationd)It appeared in unconnected places in a similar wayCorrect answer is option 'D'. Can you explain this answer? for Class 9 2024 is part of Class 9 preparation. The Question and answers have been prepared according to the Class 9 exam syllabus. Information about Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.What is unique about the development of money?a)It can be traced back to a sourceb)It has an inventorc)It was developed in ancient civilisationd)It appeared in unconnected places in a similar wayCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 9 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.What is unique about the development of money?a)It can be traced back to a sourceb)It has an inventorc)It was developed in ancient civilisationd)It appeared in unconnected places in a similar wayCorrect answer is option 'D'. Can you explain this answer?.
Solutions for Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.What is unique about the development of money?a)It can be traced back to a sourceb)It has an inventorc)It was developed in ancient civilisationd)It appeared in unconnected places in a similar wayCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 9. Download more important topics, notes, lectures and mock test series for Class 9 Exam by signing up for free.
Here you can find the meaning of Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.What is unique about the development of money?a)It can be traced back to a sourceb)It has an inventorc)It was developed in ancient civilisationd)It appeared in unconnected places in a similar wayCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.What is unique about the development of money?a)It can be traced back to a sourceb)It has an inventorc)It was developed in ancient civilisationd)It appeared in unconnected places in a similar wayCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.What is unique about the development of money?a)It can be traced back to a sourceb)It has an inventorc)It was developed in ancient civilisationd)It appeared in unconnected places in a similar wayCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.What is unique about the development of money?a)It can be traced back to a sourceb)It has an inventorc)It was developed in ancient civilisationd)It appeared in unconnected places in a similar wayCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.What is unique about the development of money?a)It can be traced back to a sourceb)It has an inventorc)It was developed in ancient civilisationd)It appeared in unconnected places in a similar wayCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice Class 9 tests.
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