Английский язык - вопрос №26587

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Commercial paper
Commercial paper is an unconditional written order or promise to pay money. The most common from of commercial paper is the personal cheque. It was developed hundreds of years ago to serve as a safe substitute for money. Instead of carrying their gold and silver with them, merchants lefttheir money at the bankers. Then when merchants wanted to pay a seller for goods they were buying, they wrote an order addressed to their bank. The order directed the bank to deliver a specified amount to the person or the place of the seller’s choice. The bank compared the merchant’s signature on the order with the signature left at the bank. Consequently, it the merchant demanded return of the deposit, the bank had to give it back.