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Shell money is a medium of exchange similar to coin money and other forms of commodity money, and was once commonly used in many parts of the world. [1] Shell money usually consisted of whole or partial sea shells , often worked into beads or otherwise shaped.
In sixteenth-century continental North America, trade beads (sometimes called aggry and slave beads) were decorative glass beads used as a token money to exchange for goods, services and slaves (hence the name). The beads were integrated in Native American jewelry using various beadwork techniques.
Fire clay in a furnace. Fire clay is a range of refractory clays used in the manufacture of ceramics, especially fire brick. The United States Environmental Protection Agency defines fire clay very generally as a "mineral aggregate composed of hydrous silicates of aluminium (Al 2 O 3 ·2SiO 2 ·2H 2 O) with or without free silica." [1]
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In economics, a medium of exchange is any item that is widely acceptable in exchange for goods and services. [1] In modern economies, the most commonly used medium of exchange is currency . Most forms of money are categorised as mediums of exchange, including commodity money , representative money , cryptocurrency , and most commonly fiat money .
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. [1] [2] [3] The primary functions which distinguish money are: medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred ...
All fired ceramic wares or materials which, when shaped, contain a significant amount of clay. Exceptions are those used for technical, structural or refractory applications. Pottery is also: (1) the art and wares made by potters; (2) a ceramic material (3) a place where pottery wares are made; and (4) the business of the potter.
Traders generally negotiate through a medium of credit or exchange, such as money. Though some economists characterize barter (i.e. trading things without the use of money [1]) as an early form of trade, money was invented before written history began. Consequently, any story of how money first developed is mostly based on conjecture and ...