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Articles in this section

  • 1. What was the first ever instance of money?
  • 2. What did people use to transact before metal and paper money was found?
  • 3. Who was the first to introduce the concept of loan interest?
  • 4. Where did the word “salary” originate from?

1. What was the first ever instance of money?

The first instance of money was Obsidian, which was distributed as far back as 15,000 BCE as raw material for stone-age tools.

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