Question

11. An increase in trade led to a new kind of economy. Instead of bartering
and trading, people began to use coins to buy merchandise. This led to
what new industry?*
banking and loaning money
O
wishing wells
Craftspeople creating products to sell.
art and sculptures

Answer 1

Answer:

banking and loaning money

Explanation:

With the popularity in trade and commerce in Europe, there came advancement in ideas and goods. Initially the method of barter system flourished in which the goods were exchanged with other goods. The progression of the market introduced the use of coins to buy and sell the goods. Currency took place in the market where goods were bought and sold. The emergence of banking and providing loans took the shape of new kind of economy.