Withdraw, denomination
What is "withdraw the metal"? and I also don't understand "denomination" thanks for your help.
In order not to withdraw the metal from the bank at each payment the fee was paid by a banknote with an appropriate denomination.
(From a video At 0:54)
Top answer
The depositor gave some amount precious metal (gold or silver) to the bank. com/dictionary/english/denomination See entry #2. For example, if the depositor deposited $10000 worth of gold, the bank gave him in exchange, a banknote with a denomination of $10000.
- The depositor gave some amount precious metal (gold or silver) to the bank.
- com/dictionary/english/denomination See entry #2.
- For example, if the depositor deposited $10000 worth of gold, the bank gave him in exchange, a banknote with a denomination of $10000.
- If the depositor wanted to buy a new fine carriage that cost $1000, he went to the bank and exchanged the one $10,000 bank note for ten banknotes, each with a denomination of $1000.
- He could give one of these notes to the carriage dealership in exchange for the new carriage.
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The depositor gave some amount precious metal (gold or silver) to the bank.
https://www.collinsdictionary.com/dictionary/english/denomination See entry #2.
For example, if the depositor deposited $10000 worth of gold, the bank gave him in exchange, a banknote wi
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