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Under the traditional view on the history of money, money emerged so as to increase efficiency of exchange by superseding barter, which required: tally sticks

Under the traditional view on the history of money, money emerged so as to increase efficiency of exchange by superseding barter, which required:

  1. tally sticks
  2. a coincidence of wants
  3. a sophisticated system of accounting
  4. an abundance of necessities

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