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    Before the Lydians became the first people in history to use coin money, traders had to exchange one product or service for another. Can you name the system?

    Question #100625. Asked by armindasantana. (Oct 29 08 1:59 PM)


    author

    		Commodity money.

    http://en.wikipedia.org/wiki/Commodity_money

    Oct 29 08, 2:22 PM
    Baloo55th

    		Fascinating article. I would never have imagined (even in one of my wildest moments with a pen and pad) that foil pouches of mackerel fillets could be used as currency......

    Oct 29 08, 3:01 PM
    looney_tunes

    		Exchange of services or products is also referred to as barter. "In the past, goods were exchanged on a one-to-one basis with the intent that the value of the goods traded was of relatively equal value. Prior to the establishment of currencies, barter was the most accepted form of commerce."
    http://en.wikipedia.org/wiki/Barter

    Oct 30 08, 2:00 AM

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