In the earliest days of international trade, ________ was the internationally accepted currency for payment of goods and services

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02-08-2022
Social Studies

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In the earliest days of international trade, ________ was the internationally accepted currency for payment of goods and services

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anamta123ahmed anamta123ahmed · Answer 1 · 2022-08-10T06:55:29+02:00

Gold was the internationally accepted currency for payment of goods and services in the earliest days of international trade.

International trade, monetary transactions which are made between international locations. A number of the items commonly traded are purchaser goods, along with television units and garb; capital items, which include machinery; and raw materials and meals.

Gold is far uncommon enough to make it tough to overproduce and malleable to mint into cash, bars, and bricks. Civilizations have continuously used gold as a material of fee.

Payment is the transfer of money, items, or services in change for items and offerings in applicable proportions that have been formerly agreed upon with the aid of all events involved. A fee can be made in the shape of offerings exchanged, cash, take a look at, wire transfer, credit card, debit card, or cryptocurrencies.

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