One of the first forms of paper money emerged when:
A)the Federal Reserve was formed in the early 1900s.
B)the government of Rome printed money to pay Roman soldiers.
C)customers who had deposited gold and silver with medieval goldsmiths began to use their receipts to pay for purchases.
D)Europe adopted the euro.

Question

Quizplus · Accepted Answer

The use of receipts from medieval goldsmiths as a form of payment eventually led to the development of paper money. This practice became widespread in Europe during the 17th century. The other options are incorrect as they either refer to a currency system established much later or outside of the scope of the development of paper money.

One of the First Forms of Paper Money Emerged When