What is Currency General Knowledge for Kids Mocomi

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https://mocomi.com/ presents: What is Currency? • Watch this interesting video about how we began to use money and why we felt the need to have currency. • Money, at its most basic level, is an object that simplifies an exchange of goods. • In ancient civilizations, it was a receipt that denoted the amount of grain that you had saved up at the granary. • Since everyone was using the same granary, people were able to exchange these receipts between each other- as if they were actually exchanging barrels of grain. • From the Pharaohs of the fertile crescent to the planners of Mohenjo Daro, people have used some form of currency to value the objects around them. • Since different cultures valued objects differently, the Harappan money may not be worth anything in Mohenjo Daro. • As trade developed between civilizations, there was a need to organize all these receipts that were being exchanged. • A system of banks were created that kept an account of all the grain in storage and the receipts in circulation. Banks would also mark a value of goods in two different currencies to help trade relations. • #Currency #Money #GeneralKnowledge • Learn more about currency at https://mocomi.com/what-is-currency/ • Watch more General Knowledge Videos for Kids, visit: • Who decided a year should have 12 mon... • For more general facts videos and interactive articles, visit: https://mocomi.com/learn/general-know... • Watch more general knowledge videos in one go here • Indian Railways Facts and History - F... • Watch more educational content for Kids here: https://mocomi.com/ - Top educational website for kids, • Subscribe here for new and interesting content every week ► ► https://www.youtube.com/mocomikids?su... • Press Bell Icon 🔔 For Latest Updates. • Thanks for watching! Don't forget to give us a Thumbs Up 👍! • Follow Mocomi Kids - Top educational website for kids, • on Facebook / mocomikids • on Twitter / mocomikids • on Pinterest / mocomikids • on Instagram - / mocomikids • on LinkedIn / mocomi-kids

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