Answer:
central banking has been neither necessary nor sufficient for the development of a modern economy and financial system. In short, central banking has been neither necessary nor sufficient for the development of a modern economy and financial
<span>They provided protection to all in
exchange for land and labor.</span> <span>About the
hierarchy at the manor where most of the people were serfs and received land in
exchange for farm labor and other jobs (like blacksmith, stone masons and
baker). </span>
