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Question

The introduction of promissory notes solved the problem of transactions.

A
short distance
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B
walking distance
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C
half mile
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D
long distance
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Solution

The correct option is D long distance
A promissory note is a written promise by one party to pay another party a certain sum of money either on demand or at a specified date. Promissory notes enabled an important feature of money called the transfer of value. Like coins, the promissory notes also gave people the power to purchase goods and services from one another without any obstacles.

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