10 abr 1300 ano - Exchanging of bills was a normal commercial payment

Descrição:

Merchant had developed paper bills through which they could in a much safer fashion exchange goods and services. Example (since the book doesn't fullt specify) if Susan writes Bob a check for payment of a product, Bob presents the check to his bank, and receives cash from the bank. Bob’s bank then gets the money from Susan’s bank. Bills of exchange work the same way.

Adicionado na linha do tempo:

Data: