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Chronology of changes in the financial system

Chronology of changes in the financial system

Financial system has gone through a lot of changes over the period of time. In the olden days, we had a barter system. In that system, people used to exchange things for the things. There was no medium of exchange like money we have today. For example, if a person has sugar and is looking for wheat and found a person who has wheat and also in need of sugar, they both can exchange those items and fulfill their needs….

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