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Essay

Macroeconomics

Essay specific features

 

Issue:

Business

 

Written by:

Frank A

 

Date added:

January 12, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1569

 

Was viewed:

4718 times

 

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Essay content:

Soon, they realized that it was unsafe and inconvenient to carry it, have it checked for purity and weighted in all transactions. Therefore, they arranged with the goldsmiths to have the gold deposited with them for a small portion of the gold-deposited (fee) as payment for storage. These goldsmiths, in opposite, started giving them paper receipts, there were used as forms of payment for future transactions, involving goods and services...
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Soon, they realized that it was unsafe and inconvenient to carry it, have it checked for purity and weighted in all transactions. Therefore, they arranged with the goldsmiths to have the gold deposited with them for a small portion of the gold-deposited (fee) as payment for storage. These goldsmiths, in opposite, started giving them paper receipts, there were used as forms of payment for future transactions, involving goods and services...
displayed 300 characters

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