In the earliest days of international trade,________ was the internationally accepted currency for payment of goods and services.

Question

Quizplus · Accepted Answer

In the earliest days of international trade, gold was the internationally accepted currency for payment of goods and services. This was due to its scarcity, durability, and universal value. Silver was also used to a lesser extent, but gold was the preferred currency. The use of other currencies such as the British pound and U.S. dollar came much later in history.

In the Earliest Days of International Trade,________ Was the Internationally