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Question 20 Why is the Chinese word for "bank" significant? Because it literally means "silver shop," pointing to importance of silver in early modern China Because banks were foreign concepts in China until the 1700s Because banks allowed peasants to take out loans and acquire land Because the word for bank is the same as the word for copper, which is what most money in China was made from
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Transcribed Image Text:Question 20 Why is the Chinese word for "bank" significant? Because it literally means "silver shop," pointing to importance of silver in early modern China Because banks were foreign concepts in China until the 1700s Because banks allowed peasants to take out loans and acquire land Because the word for bank is the same as the word for copper, which is what most money in China was made from
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