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http://skymetrix.xyz/?book=B0863V6HJL Does Paper Money have any intrinsic value?. What is money then?. Why is it important?. If there was no money then we would have to barter. For barter to work – trade is said to require the . double of coincidence of wants. . BARTER SYSTEM- HISTORICAL . Introduction. -. Money is something which is generally accepted as a medium of exchange. It is one of the most basic and significant inventions of mankind. Before money came into use, exchange took place through barter system, i.e. , goods were exchanged for goods. . Some define money as anything acceptable I payment of goods and services or in settlement of debt. . Some say money is anything that performs the function of medium of exchange, measure of value and store of value ..