0
this money in the form of paper is moved from the previous barter system.
in the previous barter system, there was no guarantee of the system. the value in the products bartered was based on the urgency of the requirement. as we moved from barter system to money based system, there is a need that somebody takes ownership of that piece of paper. who can take ownership of that paper. only government. thus the central bank of any country signs that document saying that he will pay that amount of paper if and need arises.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What is a oath and bond and what happens if I refuse to sign one to open a Will?
An oath is a pledge to to things according to the law. A bond is a pledge of money to guarentee that you will do things according to the law or forfeit the money. If you do not sign one, you will not be allowed to be the executor and the court will assign someone who will take the oath and post bond to serve in that function.
How do you get stardolll money?
sign in every day
Why did the acadians not want to sign the oath?
They didn't want to sign the oath because they are affraid that they would have to go to war aggainst all their people.
What sign for money do they use India?
how the hell am i sapossed to know (ali waaz here)
Do the police have to sign the oath?
Law enforcement officers either 'swear an oath' verbally or by signing their names, depending on the situation and what "oath" is being referred to.
What does oath of allegiance in Acadia?
The Oath of Allegiance is a oath that when war came to the British the Acadians would have to fight for the British. If they did not sign the oath, they would be deported to another French colony or somewhere else.
Which deputy did not sign the Tennis Court Oath?
Joseph Martin-Dauch.
Did t-pain sign with young money?
Yes hes says shout out to young money in the song Every Girl...
What month in 1943 did Dutch students have to sign the loyalty oath in World War 2?
In 1943 the NAZIs demanded that the Dutch students sign a loyalty oath in World War 2. 85 percent of the students declined to sign the oath, leaving most of them in hiding. Mid-1943, around June, the Dutch formed a resistance against the NAZIs.
How do 80 percent of Dutch students reply to German demands that they sign a loyalty oath to Germany?
In 1943, when university students were required to sign an oath of loyalty to the occupying forces, over eighty-five percent refused to sign and thousands rushed into hiding.
What is sign of money?
$ is the sign for money
Who was the English chancellor who was martyred after he refused to sign an oath to Henry VIII?
sir thomas Moore
