A notable and unique feature of the colonial monetary system was

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In colonial America, coins were scarce and difficult to come by, so colonists often used commodities such as tobacco, beaver pelts, and wampum (beads made from clamshells) as a medium of exchange instead of minted coins. This system of using commodities as money was unique to the colonial period. While there were some attempts at paper currency, it was not widely accepted and often faced issues of inflation and counterfeiting. Checking accounts issued by private commercial banks did not become prevalent until well after the colonial period.

A Notable and Unique Feature of the Colonial Monetary System