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

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Definitions:

CD

Can refer to a "Compact Disc" used for storing digital data or "Certificate of Deposit" in finance; context needed for specific definition.

Inference Forms

Patterns or structures of logical reasoning where conclusions are drawn from a set of premises.

MP

Short for "Member of Parliament," a representative elected to participate in the legislative process of a parliamentary democracy.

Inference Forms

Specific patterns of reasoning that are used to derive conclusions from premises.