Question

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Answer 1

Answer:

1. Paper bills were first used by the Chinese, who started carrying folding money during the Tang Dynasty (A.D. 618-907) — mostly in the form of privately issued bills of credit or exchange notes — and used it for more than 500 years before the practice began to catch on in Europe in the 17th century.

2. Comparatively, paper currency is easier to store than coins as it requires less space. There are a greater number of coins available in the world due to their long existence throughout history. Paper currency tends to be more expensive to purchase due to higher face values.

Explanation:

Answer 2

1.)Paper money in the United States dates back to 1690 and represented bills of credit or IOUs. New currencies were introduced in the U.S. in 1861 to help finance the Civil War. In 1996, a series of bills were introduced that used new methods to prevent counterfeiting. (ALSO) Paper, printing and paper money originated in China way back during the Tang Dynasty. Paper money was conceived when merchants began leaving the heavy coins behind with a trusted agent who would record on paper how much money had been left as a deposit.

2.) Paper money is smaller and lightweight. You can carry more without anyone knowing, unlike coins that hit together.