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pls help me i want to present my presentation next wednesday

2007-07-20 00:39:43 · 1 answers · asked by satishn 1 in Education & Reference Homework Help

1 answers

Probably similar to "paper money".
Bank notes were originally receipts given to gold owners who deposited their gold with gold smiths - in strong rooms. These receipts could be used in place of the gold as the recipient would take the receipt as he knew he could exchange it for gold.
Instead of issuing a receipt every time some goldsmiths recorded deposits and withdrawals of gold in a ledger.

Sounds good!

2007-07-20 01:17:03 · answer #1 · answered by jemhasb 7 · 0 0

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