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Historically,when Merchants Bought Goods,instead of Paying for Them with Gold

Question 28

Multiple Choice

Historically,when merchants bought goods,instead of paying for them with gold or silver,they simply filled in a piece of paper called a ________ which ordered the goldsmith or silversmith to give a certain amount of the precious metal to the person who sold the goods.


A) demand note
B) promissory note
C) bill of exchange
D) certificate of deposit

Correct Answer:

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