According to Peter Heather, a historian at King\'s College London. during the Ro

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According to Peter Heather, a historian at King's College London. during the Roman Empire, the German tribes east of the Rhine River produced no coins of the own but used Roman coins instead: " no coinage was produced in Germana Roman coins were in plentiful circulation and easily have provided a medium of exchange(already in the first century Tachas tells us. german of the Rhine region were using good - quality roman silver coins for the purpose)" Source: Peter Heather: The Fall of the Roman Empire. A New History of Rome and the New York Oxford University Press, 2006.p. 89. When scllers are willing to accept money in exchange for goods and services, money is acting as a medium of exchange. unit of account. Store of value. standard of deterred payments. If some of the coins had been taken so Germana then the coins could have been a mediam of exchangr in germana if people begain to consider if safe and would have accepted it for payment If some of the Roman coins had been taken to Germania then the coins could have been a mediam of exchange in Germania if people began so consider it safe and would have accepted it for payments. If coins could have been easily to purchase goods and services in other areas, the coins would also have some value.

Explanation / Answer

1. a. medium of Exchange

True

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