Arrange the following in ascending order in respect of evolution of money.

(A) Coin exchanges.
(B) Barter exchanges.
(C) E-money.
(D) Paper currency.

Choose the correct answer from the options given below:

(B), (A), (D), (C)

The correct answer is Option (3) → (B), (A), (D), (C)

The evolution of money took place in the following sequence:

1. (B) Barter exchanges – The earliest system where goods were exchanged for goods.

2. (A) Coin exchanges – Introduction of metallic money like gold, silver, and copper coins.

3. (D) Paper currency – Governments and central banks began issuing paper notes as a medium of exchange.

4. (C) E-money – The modern digital form of money (credit/debit cards, online transfers, digital wallets, etc.).