Can you please explain what does it mean "the later word of the banknote"? was it something written over the banknote?
For the goods brought, the banker issued a bank note. Hence, the later word of the banknote. It was a confirmation of depositing a certain amount of gold.
From the video At 0:45
It was the origin of the word "Banknote," in that the amount of ore deposited was a note written on official paper.
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It was the origin of the word "Banknote," in that the amount of ore deposited was a note written on official paper.