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The earliest medium of exchange may have been a coin issued about 2,600 years ago in Lydia, an ancient kingdom in what is now western Turkey. The coin was made of a gold and silver alloy, it was ...
Money is a medium of exchange. It allows people and businesses to obtain what they need to live and thrive. Bartering was one way that people exchanged goods for other goods before money was created.
Like Tennessee, South Carolina’s UCC defines money as an authorized medium of exchange. However, the proposed bill S861 would add that the term “does not include any central bank digital ...