The creation of which of the following allowed merchant firms to hold money on account instead of carrying precious metals as a form of payment for trade goods?

Question

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The Bank of Amsterdam was created in 1609 as a means for merchants to hold money on account rather than carrying precious metals as a form of payment for trade goods, making it a crucial development in the evolution of modern banking. Transfer merchandizing is not a historical term related to finance or banking, and the International Company of Bankers and Bank of Genoa did not play a significant role in the development of this banking innovation.

The Creation of Which of the Following Allowed Merchant Firms