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For example, if one family or group grew corn but another raised sheep, items could be traded between the groups as needed. This method was cumbersome, time-consuming, and could prove to be inequitable given the disparate nature of the items traded. The solution for this was the production of money, which basically leveled the playing field and gave every item an intrinsic value for purposes of trade. For local trading, this proved to be an excellent system with few drawbacks.
From a global trade standpoint there have proven to be some inherent problems in the basic system of providing currency for goods and services...
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