Sign In
Ask Question
History
Singleton
3 March, 19:30
How did money emerge out of barter economy
+1
Answers (
1
)
Ralph Hopkins
3 March, 20:29
0
Money emerged out of the barter economy when goldsmiths kept gold for people and gave them receipts instead. The receipts became the "money".
In the 1600s, a lot of London merchants would place their gold in locked storage rooms of the goldsmiths in the city for preservation; the goldsmiths would give receipts to the merchants. The receipts could also be cashed in for gold, which had real value.
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Find an answer to your question ✅
“How did money emerge out of barter economy ...”
in 📘 History if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
In 1860, the southern states highlighted in red would have been least likely to
Answers (1)
Give the approximate distance in miles at pilgrims traveled from Plymouth England to Plymouth Massachusetts
Answers (1)
Can you guys follow me on sc
Answers (1)
5 subtracted from 1/3 of 20
Answers (2)
Which of the following is guiding economic philosophy of the free enterprise system
Answers (1)
New Questions in History
What action did the spanish colonial government take in response to the widespread death of native americans due to disease, malnutrition, and inhumane treatment?
Answers (1)
According to the lesson, what is a characteristic of a nation? A. a multiethnic population B. a self-governing territory C. a shared sense of identity D. a monarchy
Answers (1)
During the Renaissance, what began to destroy the system of feudalism?
Answers (1)
What is Benartzi's solution to all of these behavioral challenges that effect personal finance? How does improved personal finance benefit the economy in general?
Answers (1)
In which sentence should a comma be deleted? Adam Smithfield is a sullen, morose, boy. Sarah was, however, happy to hear the news. Sheila, Elden, and Steven attend public school. It is up to you, Austin, to earn your own money.
Answers (2)
Home
»
History
» How did money emerge out of barter economy
Sign In
Sign Up
Forgot Password?