Question

Arrange the following mediums of exchange in sequence from earlier to later.
(A) Barter
(B) Cowrie
(C) Currency notes
(D) Coins

• A. A, B, D, C
• B. A, B, C, D
• C. D, C, A, B
• D. C, B, A, D

Hint:

Evolution of money: Barter → Cowries → Coins → Currency notes.

Answer 1

The Correct Option is A

Step 1: Recall evolution of exchange systems.
The earliest system was barter, where goods were directly exchanged.
Later, shells like cowries were used as primitive money.
Coins emerged next, made of metals like copper, silver, and gold.
Finally, currency notes came into use as paper money.
Step 2: Arrange in order.
(A) Barter → (B) Cowrie → (D) Coins → (C) Currency notes.
Step 3: Verify with options.
This matches option (A).
Step 4: Conclusion.
Correct sequence is (A) A, B, D, C.