3 ms·
That's the history as well, individual banks used to issue paper notes which were redeemable for something "real" (gold in the vault). This evolved to the syste
by HPsquared 4y ago
That's the history as well, individual banks used to issue paper notes which were redeemable for something "real" (gold in the vault). This evolved to the system we have today where they did away with the gold.