HISTORY
CIVILIZATIONS OF ASIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Farmers
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Merchants
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Scholar Gentry
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None of the above
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Detailed explanation-1: -Establishing a national bank The large number of private notes that were being produced all over the empire was to be restricted by introducing a stamp duty ().
Detailed explanation-2: -It helped because it allowed for more merchants to trade their items. How did printing of paper money help the economy? It was much lighter and easier to carry. Why did the rulers of the Tang and Song dynasties support the arts and literature?
Detailed explanation-3: -Compared to traditional money made from precious metals, paper money was easier to transport, and the use of paper money also freed up metal that could be put to other use.
Detailed explanation-4: -First paper money was introduced in medieval China in the late 10th century during the rule of the Song dynasty (960-1279). A sophisticated system of production, issue and withdrawal was gradually developed to an admirable perfection achieved during the Mongol Yuan dynasty (1260-1368).