The concept of a functioning money has evolved over time and isn't attributed to a single individual or organization like the options provided (IFRS, IAS, FASB, or FSAB). Rather, the development of money has been a complex process involving many contributors across different societies.

1. **IFRS (International Financial Reporting Standards)** - This is a set of accounting standards.
2. **IAS (International Accounting Standards)** - These are also a set of accounting standards, which preceded IFRS.
3. **FASB (Financial Accounting Standards Board)** - An independent organization in the U.S. that establishes financial accounting and reporting standards.
4. **FSAB** has no widely recognized relevance related to the development of money.

Among these, FASB and IFRS/IAS are related to accounting, not the origins of money itself. The origins of money can be traced back to ancient civilizations, where various forms, including commodity money (like shells or gold), evolved into the paper currency and digital currency we know today. Therefore, it's essential to understand that no single answer from the options provided directly relates to the first proposition of a functioning money concept.

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The concept of a functioning money has evolved over time and isn't attributed to a single individual or organization like the options provided (IFRS, IAS, FASB, or FSAB). Rather, the development of money has been a complex process involving many contributors across different societies.

1. **IFRS (International Financial Reporting Standards)** - This is a set of accounting standards.
2. **IAS (International Accounting Standards)** - These are also a set of accounting standards, which preceded IFRS.
3. **FASB (Financial Accounting Standards Board)** - An independent organization in the U.S. that establishes financial accounting and reporting standards.
4. **FSAB** has no widely recognized relevance related to the development of money.

Among these, FASB and IFRS/IAS are related to accounting, not the origins of money itself. The origins of money can be traced back to ancient civilizations, where various forms, including commodity money (like shells or gold), evolved into the paper currency and digital currency we know today. Therefore, it's essential to understand that no single answer from the options provided directly relates to the first proposition of a functioning money concept.

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The concept of a functioning money has evolved over time and isn't attributed to a single individual or organization like the options provided (IFRS, IAS, FASB, or FSAB). Rather, the development of money has been a complex process involving many contributors across different societies.

1. **IFRS (International Financial Reporting Standards)** - This is a set of accounting standards.
2. **IAS (International Accounting Standards)** - These are also a set of accounting standards, which preceded IFRS.
3. **FASB (Financial Accounting Standards Board)** - An independent organization in the U.S. that establishes financial accounting and reporting standards.
4. **FSAB** has no widely recognized relevance related to the development of money.

Among these, FASB and IFRS/IAS are related to accounting, not the origins of money itself. The origins of money can be traced back to ancient civilizations, where various forms, including commodity money (like shells or gold), evolved into the paper currency and digital currency we know today. Therefore, it's essential to understand that no single answer from the options provided directly relates to the first proposition of a functioning money concept.

Who was the first to propose the concept of a functioning money?a.IFRSb.IASc.FSABd.FASB

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Who was the first to propose the concept of a functioning money?

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