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Coins were easier to trade than goods because?

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Why Coins were easier to trade to trade than goods because?

Coins were easier to trade than goods because they provided a standardized medium of exchange, allowing for quick and efficient transactions without the need to negotiate the value of individual goods. This standardization eliminated the challenges of bartering, such as differing values and the necessity of a double coincidence of wants. Additionally, coins were portable and durable, making them convenient for trade across distances and over time. Overall, coins simplified economic interactions and facilitated more extensive trade networks.


What were the advantages for Athens' of coined money?

One of the advantages is that trade became easier . After switching from the barter system to do this trade was a lot simpler. Around 570 B.C they switched to coins . The Government made the coins. People were willing trade their goods for coins. Coins could also buy anything.


Why did coins make trading easier?

because the people thought it was easier to trade other than trade all there other belongings that they had.


How did minting coins help the growth of the greek civilization?

it helped because now they are able to trade from things such as goods


Why did coins make trading simpler and easier?

Coins made trading simpler and easier by providing a standardized medium of exchange, eliminating the need for bartering goods and services directly. This standardization allowed for easier valuation of items and streamlined transactions, as people could easily determine the worth of goods in terms of coins. Additionally, coins facilitated trade over longer distances, as they were portable and durable, enabling merchants to conduct business without the logistical challenges of carrying bulky or perishable items.


What was used instead of coins in ancient China?

They traded/ bartered, which is the trade of goods for other goods.


Why did the Erie Canal lead to an increase of the population of Michigan?

because it was easier for people to trade and import/ export goods to other contries.


How did transportation change society?

they got to transport goods and services. it was easier to trade


What goods did the Kiev Russians trade with the Greeks?

Some of the goods that Kiev Russians traded with the Greek were food, such as bread. They also traded items such as homemade goods and coins.


What was the effect of having the same coins and writing system in china?

It made it easier to communicate and trade.


Is it legal to trade goods for discontinued silver coins?

Silver U.S. coins dated 1964 or earlier are still legal tender at face value.