ABSTRACT
The act of exchange is the most indispensable constituent of the process that led to the development of money-based economies. There would not be money in an economic and social environment where there is no exchange. It is primarily due to this fact that in almost every theory of the origin of money there is an embedded element of exchange. In each exposition this element would enter the description of the process of the formation and the rise of money. It is either done intentionally, i.e. the author is aware of the great significance of this factor, or the author is unaware of its significance but cannot entirely escape from its presence in their analysis of the origin of money. This is one aspect of money that cannot be excluded from any discussion of its origin.
