Song Dynasty Jiaozi, the globe's earliest paper money The process of commodity money at some point developed into a method of representative money.[citation essential] This happened because gold and silver retailers or financial institutions would issue receipts to their depositors, redeemable with the commodity money deposited. Ultimately, these receipts became https://33-cash-now84713.onzeblog.com/36581999/not-known-factual-statements-about-money-credit-loan