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Practice Reading: Fill in The Blanks (Drag & Drop)
ID: #39358
Tang dynasty
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In 19th century China, at the height of the Tang dynasty, the government became concerned about the serious of carrying around large amounts of coins in order to conduct business transactions. Consequently, they devised a method of paying merchants with money certificates, which could be exchanged for coin money on demand at the capital. These certificates had an unfortunate to blow away if there was any wind, but they were transferable, so merchants began exchanging them with each other instead of using coins. It was not until the Song dynasty that actual paper money was created. Initially introduced by a group of merchants and financiers each banknote had images of houses, trees and people printed on it. These were by various intricate markings, the identification of which could be made only by the issuing banks. Then, in 1023, the government decided to the banknotes and issue government notes in their place, These could be exchanged for government-issued coins, and so could be used to buy simple groceries. As a result, the use of paper money soon became .
refreshed
surprisingly
inconvenience
withdraw
snowcapped
tendency
accompanied
widespread
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