The Genoese system was the first to imply that unlike items could be compared in terms of a common monetary unit.

Question

Quizplus · Accepted Answer

The statement is true. The Genoese system, which was developed in medieval Italy, introduced the concept of using a common monetary unit to compare and exchange goods and services of different types. This system laid the foundation for modern currency and financial systems that we use today.

The Genoese System Was the First to Imply That Unlike