**cartoon full body white background explaining From the 12th century, money changers determined the value of the money. They worked behind a wooden table or counter, which was called the "bancus" or "banca". Merchants on the move began to keep money at these money changers in exchange for a written receipt. With that evidence, they could later claim the money again. Since it was unlikely that all traders would withdraw their money at the same time, the money changers invested part of the money in different companies. But a problem arose when all customers wanted their money back at the same time. Because the money was invested, the money changers could not immediately pay back all the money.** - Image #1 <@1090178515967688745>
cartoon full body white background explaining From the 12th century, money changers determined the value of the money. They worked behind a wooden table or counter, which was called the bancus or banca. Merchants on the move began to keep money at these money changers in exchange for a written receipt. With that evidence, they could later claim the money again. Since it was unlikely that all traders would withdraw their money at the same time, the money changers invested part of the money in different companies. But a problem arose when all customers wanted their money back at the same time. Because the money was invested, the money changers could not immediately pay back all the money.