William Bramley/The Gods of Eden/21/214/2
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Revision as of 16:08, 28 August 2012 by Infomaniac (talk | contribs) (Created page with "Paper money initially began as "promissory notes." A promissory note is a written promise to pay a debt. A person would write a note on a piece of paper promising the bearer of t...")
Paper money initially began as "promissory notes." A promissory note is a written promise to pay a debt. A person would write a note on a piece of paper promising the bearer of the note a certain quantity of goods or services that the notewriter could provide on demand. To illustrate, let us look at the following fictitious example:
