Skip to content

Banking and Money (Khan Academy)

The Note in Your Wallet Is a Bank Note

If all the gold stays in the vault, what do people spend? A paper receipt for the gold. A dollar bill is that kind of receipt.

14 min170 XP available9 challenges

Pick the best answer

Coins are heavy. So Breno hands out paper slips that say “Breno Bucks — €10 in coins at Breno’s Bank”. What is one Breno Buck?

Answer to continue.