Song Dynasty Jiaozi, the world's earliest paper money The system of commodity money inevitably evolved into a method of consultant money.[citation required] This transpired mainly because gold and silver merchants or banks would challenge receipts to their depositors, redeemable to the commodity money deposited. At some point, these receipts grew https://47-money60358.blogsuperapp.com/37178237/fascination-about-money-credit-loan