Old World Contacts
MERCHANTS & TRADERS
Second - Third Periods: 400 - 1350 CE
BANKING FACILITIES
The Cheque

One familiar banking device was the cheque. While the idea of using written promissory notes to transfer money may have originated in Roman Palestine, the modern practice evolved in Byzantium, eventually spreading to the Islamic world. By the late Middle Ages, Italian merchants and their counterparts in other European countries were using cheques as well. The term itself comes from the Arabic word sakk.

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Old World Contacts / The Applied History Research Group / The University of Calgary
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