Archaeologists have found Mesopotamian tablets with financial contracts carved into them describing how much barley must be paid back. What financial innovation does this demonstrate?

A. Credit and interest
B. Capitalism
C. Banks and bills of exchange
D. Mercantilism

Question

01-07-2024
Social Studies

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Archaeologists have found Mesopotamian tablets with financial contracts carved into them describing how much barley must be paid back. What financial innovation does this demonstrate?

A. Credit and interest
B. Capitalism
C. Banks and bills of exchange
D. Mercantilism

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-07-01T15:25:44-04:00

Final answer:

Ancient Mesopotamian tablets with financial contracts carved on them demonstrate the financial innovation of Banks and bills of exchange.

Explanation:

Archaeologists have found Mesopotamian tablets with financial contracts carved on them, specifying payments in barley. This demonstrates the financial innovation of Banks and bills of exchange. In ancient Mesopotamia, the use of contracts for loans and repayments with interest laid the groundwork for banking practices.

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