Based on the information in the timeline, Europeans start using banknotes.

What happens next?

European governments begin printing and backing their own banknotes.

A) The United States introduces its first national currency with the paper "greenback."

B) The Chinese follow by producing their own paper currency.

C) European governments stop using coins and only rely on paper money

Question

English

Maximilian Hooper

Today, 18:32

Based on the information in the timeline, Europeans start using banknotes.

What happens next?

European governments begin printing and backing their own banknotes.

A) The United States introduces its first national currency with the paper "greenback."

B) The Chinese follow by producing their own paper currency.

C) European governments stop using coins and only rely on paper money

+2

Answers (1)

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Karter · Answer 1

At the start of the European Union the British Empire was still in full swing and as he was more or less head of it he was obviously imperialist. As it declined he became a full supporter of the European Union. * I am using European Union as a catchall for all its incarnations.*

A banknote (often known as a bill (in the US), paper money, or simply a note) is a type of negotiable promissory note, made by a bank, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to redeem the notes for legal tender (usually gold or silver coin). So it's European governments begin printing and backing their own banknotes.