Innovations in Commerce, 500 B.C.E. to 1603 C.E.

Fill-in-the-blank practice flashcards reviewing historical financial instruments, their descriptions, origin dates, and early locations from 500 B.C.E. to 1603 C.E.

Minted precious metals (silver, bronze, gold) with their own inherent value are called a __________.

Coin

Coins originated around c. 500 B.C.E. in __________.

Lydia, Turkey

Inns along trade routes where travelers could trade, rest, and replenish are known as __________.

Caravanserai

Caravanserais originated around c. 500 B.C.E. in the __________.

Persian Empire

Paper Money, defined as currency in paper form, originated around c. 800 C.E. in __________.

China

The __________ was the first common market and confederation of merchant guilds.

Hanseatic League

The Hanseatic League originated in 1296 C.E. in __________.

Germany

The precursor to modern banking that originated around c. 200 B.C.E. in China is the __________.

Banking House

A __________ is defined as a written order without interest that binds one party to pay a fixed sum to another party at a predetermined date in the future.

Bill of Exchange

The Bill of Exchange originated around c. 700 C.E. in __________.

China