1. **Barter System** → direct exchange of goods (inefficien…

Bavumile999 ·

1. **Barter System** → direct exchange of goods (inefficient)
2. **Commodity Money** → gold, silver, shells (store of value)
3. **Representative Money** → paper backed by gold (gold standard)
4. **Fiat Money** → government-issued, trust-backed (USD, EUR, etc.)
5. **Digital Money** → PayPal, bank transfers (still third-party controlled)
6. **Cryptocurrency** → peer-to-peer, trustless, decentralized