Refer to the article “From Barter to Bitcoin” in your Money, Money, Money magazine for a complete version of this text.
Based on the information in “From Barter to Bitcoin,” how does replacing coins with paper money improve the way people do business?
It decreases the need for banks and money regulation.
Local governments begin issuing and backing banknotes.
More trade can occur over much greater distances.
Merchants must take precautions to detect counterfeits.
